SB Energy files for a US IPO targeting $5-7B raise at $50B valuation, backed by a $439B contracted backlog in AI data centers and power projects.

SB Energy’s agreement deepens its financial ties with the artificial-intelligence company in an effort to build out projects. | World News

Draft IPO documents show SB Energy's warrant package grew from $3.6 billion at issuance in January to $5.5 billion by the end of June