Global Market: SB Energy to Sell up to $500 Million Worth of Shares to Japanese Investors Ahead of US IPO
- SB Energy, backed by SoftBank Group, plans to sell up to $500 million in shares to Japanese investors during its U.S. IPO to fund data centres, power generation, and infrastructure projects.
- SoftBank might value SB Energy at $50 billion, with Nvidia committing $1.5 billion in a private placement at the IPO price and OpenAI holding warrants worth about $5.5 billion related to the IPO.
- Investor interest in artificial intelligence has driven several tech IPOs this year, including SpaceX's and Anthropic's, with Japanese investors buying $2.2 billion in SpaceX shares.
13 Articles
13 Articles
SoftBank-Backed SB Energy’s IPO Seeks $500 Million in Japan
SB Energy Inc., a data center firm backed by SoftBank Group Corp., is aiming to raise as much as $500 million in the Japanese portion of its planned initial public offering in the US, following other major deals in tapping the country’s deep pools of capital.
The Economic Times
Times of IndiaGlobal Market: SB Energy to sell up to $500 million worth of shares to Japanese investors ahead of US IPO
SB Energy, backed by SoftBank, plans to raise up to $500 million from Japanese investors through a share sale as it prepares for a US listing. The data centre developer is also attracting major AI players, including Nvidia and OpenAI, amid surging infrastructure demand.
TOKYO: SoftBank Group-backed data center developer SB Energy has announced plans to sell up to $500 million worth of shares to Japanese investors as part of its US public offering, according to documents filed Tuesday. The company will issue new shares to Japanese investors, with the funds to be used for general operating expenses for data center development, power generation, and related infrastructure projects, the documents say. The size of t…
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