SoftBank's SB Energy AI infrastructure unit files for initial public offering

SB Energy Inc., a SoftBank Group Corp. unit focused on data centers and electrical infrastructure, has filed for an initial public offering. The company, which has a significant project backlog including a 10-gigawatt data center campus for OpenAI Group PBC backed by Nvidia Corp., did not specify the amount it aims to raise, though reports suggest between $5 billion and $7 billion in shares.