SB Energy to Sell 500M in Shares
SoftBank backed SB Energy will sell up to 500 million dollars in shares to Japanese investors as part of its upcoming US public offering. The funds will support data centre development and related infrastructure projects.
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Data centre developer SB Energy will sell up to $500 million in shares to Japan investors as part of a public listing in the United States, according to a filing on Tuesday morning. The offering aims to fund infrastructure projects and data centre operations ahead of the market debut. SoftBank Group, the backer of the firm, may seek a valuation of $50 billion for the entity.
