New York, Sept. 1 (Jiji Press)--SB Energy Inc., an artificial intelligence infrastructure developer backed by Japan's SoftBank Group Corp., has filed for an initial public offering on the U.S. Nasdaq market, the company said Tuesday. SB Energy did not disclose the offering

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.

The listing is a key test of investor appetite for exorbitant AI infrastructure build-out