SoftBank-backed AI data center and energy infrastructure firm SB Energy has filed for an initial public offering on the Nasdaq Global Select Market and Nasdaq Texas.
– SB Energy
According to reports, the company is targeting an IPO raise of $5bn to $7bn, which would value it at about $50bn.
J.P. Morgan, Goldman Sachs & Co., Morgan Stanley, Citigroup and Mizuho are acting as joint lead book-running managers for the proposed offering.
As part of the proposed offering, SB Energy is also proposing to undertake a public offer of shares to retail investors who are tax residents and located in the United Kingdom.
