SB Energy (SBE) files for proposed IPO

SB Energy (NYSE: SBE) on Tuesday filed for a proposed Nasdaq IPO.

The company describes itself as: "We are unlocking the future of AI as a leading, integrated data center and power infrastructure company. We develop, construct and plan to operate gigawatt-scale data center facilities and we develop, construct, own and operate power generation assets. Our vertically integrated, power-first, community-focused model is purpose-built for the AI era. We believe this will enable the delivery of data center capacity with the scale, speed and reliability required to support our customers’ rapidly growing demand for compute. SoftBank and OpenAI are strategic investors and customers at our data center campuses – Cosmos (SoftBank), Milam County (OpenAI) and PORTS-Pike Technology Campus (OpenAI) – and NVIDIA is a strategic investor and residual value guarantor at the PORTS-Pike Technology Campus. NVIDIA is also expected to become a holder of our Class N common stock in connection with this offering, subject to each of the closing of the Concurrent Private Placement and the settlement of the Prepaid Forward Contract."

J.P. Morgan, Goldman Sachs & Co, Morgan Stanley. Citigroup and Mizuho will serve as lead underwriters.

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