SoftBank Hires Banks for US IPOs of SB Energy and AI Robotics Spinoff Roze

SoftBank Hires Banks for US IPOs of SB Energy and AI Robotics Spinoff Roze

SoftBank Group 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.

SB Energy IPO

SoftBank has hired JPMorgan, Goldman Sachs, Morgan Stanley, Citi and Mizuho for SB Energy’s IPO, which could come as early as September. SB Energy could seek a valuation of more than $50 billion in its market debut. The company focuses on pairing power generation with data centers to address AI’s growing energy constraints.

Roze IPO

SoftBank has tapped Goldman Sachs, JPMorgan, Mizuho and Morgan Stanley for the IPO of its autonomous robotics company Roze, which will focus on building data centers and using robotics to improve the efficiency of AI infrastructure construction. The IPO is targeting a similar time frame.

Broadening AI Investment Enthusiasm

Investors have been piling into companies tied to the artificial intelligence boom, broadening enthusiasm beyond chipmakers and software firms to businesses supplying the infrastructure needed to support AI’s rapid expansion. The IPO plans reflect how the AI boom is expanding into picks-and-shovels businesses that support the ecosystem.