SB Energy Plans US IPO After Raising $1.8 Billion for AI Data Center Power

3 articles · Updated · Bloomberg · May 20

SB Energy said it will confidentially file draft paperwork for a US initial public offering, setting up a market debut tied to AI-linked power infrastructure.
The Redwood City, California-based company is pitching itself to investors seeking exposure to the buildout of electricity capacity for artificial intelligence data centers.
More than $1.8 billion raised over the past year from SoftBank, OpenAI and Ares Management has funded those data center ambitions and underpins the IPO push.
The planned listing would test public-market appetite for companies supplying the power backbone behind the AI expansion, not just the computing hardware itself.

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