SoftBank-backed SB Energy seen delaying IPO on valuation concerns

Builder of data centers for OpenAI faces skepticism over $50bn target, US media report SoftBank Group CEO Masayoshi Son, center, participates in a groundbreaking ceremony for an Ohio power plant adjoining a data center. (Photo by Yuji Ohira) PALO ALTO, U.S. — SB Energy, a data center-focused unit of Japan's SoftBank Group, has submitted a revised registration for a planned initial public offering that still lacks a date or price, and U.S. media reports suggest it may postpone its debut.

Read the full article at the source →