SoftBank hires banks for IPOs of SB Energy, AI robotics spinoff Roze
SoftBank Group is preparing initial public offerings for its energy developer SB Energy and its autonomous robotics spinoff Roze. The IPOs are part of SoftBank's strategy to capitalize on the growing demand for artificial intelligence infrastructure. SB Energy is expected to seek a valuation of over $50 billion, while Roze aims to enhance the efficiency of AI infrastructure construction.
- ▪SoftBank has hired major banks including JPMorgan and Goldman Sachs for the IPOs of SB Energy and Roze.
- ▪SB Energy is focused on pairing power generation with data centers to support AI's energy needs.
- ▪Roze aims to use autonomous robotics to improve the construction of AI infrastructure.
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Open this photo in gallery:The SoftBank Group's headquarters in Tokyo on May 13.KAZUHIRO NOGI/AFP/Getty ImagesShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountSoftBank Group SFTBY has tapped banks to prepare initial public offerings for its energy and infrastructure developer SB Energy and its planned autonomous robotics spinout Roze, as founder Masayoshi Son ramps up the Japanese group’s push into artificial intelligence infrastructure amid strong investor appetite for companies underpinning AI buildout, according to two people familiar with the matter.SoftBank has hired JPMorgan, Goldman Sachs, Morgan Stanley, Citi and Mizuho for SB Energy’s IPO, which could come as early as September, the sources said.
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