SB Energy, a SoftBank Group subsidiary, has filed for an IPO on the Nasdaq market. The company aims to accelerate construction of data centers planned in the United States by raising funds, and is reportedly seeking an enterprise value that could exceed $50 billion.
US-based SB Energy announced that it had filed for an IPO on the Nasdaq market. The company said the offering is intended to accelerate its data center construction business in the United States through fundraising, and also referred to reports that its enterprise value could exceed $50 billion (approximately ¥8 trillion).
The timing of the listing has not been decided, but US media reports say the company is aiming to proceed as early as this month.
SB Energy plans to build a large-scale data center in Ohio, in the US Midwest. OpenAI, which develops conversational generative AI, is expected to become a customer.
The offering is believed to be aimed at expanding its data center business for AI companies, including OpenAI.