SoftBank's SB Energy delays IPO amid valuation doubts
The AI data-center power supplier postpones its planned September listing after investors balked at a sought $50B+ valuation.
What to know
- SB Energy, backed by SoftBank, has delayed its IPO that had been planned for this month.
- Investors questioned the company's sought-after valuation of $50 billion or more.
- The delay follows a similar postponement by Holtec, suggesting broader investor caution toward high-valuation energy/data-center IPOs.
SB Energy SoftBank-backed renewable/data-center power companySoftBank Backer/parent investor of SB EnergyNew York Times Reporting outletHoltec Comparable company with a prior delayed IPO
How it unfolded 2 developments, newest first · click a bar or a number to jump articlesposts
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Commentator links delay to earlier Holtec IPO pullback
Financial journalist Carl Quintanilla notes SB Energy is the second notable IPO delay after nuclear technology firm Holtec, framing it as part of a pattern of postponed listings.
“Another delayed IPO. First, Holtec. Now, SB Energy…”
— @carlquintanilla -
Another delayed IPO. First, Holtec. Now, SB Energy “has been delayed, as investors question the company's sought-after valuation of $50 billion or more, according to interviews with four people familiar ..” @nytimes
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background
NYT: investors balk at SB Energy's $50B+ valuation ask — The New York Times, citing four people familiar with the matter, reports the delay stems from investor skepticism about SB Energy's sought valuation of $50 billion or more.
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SB Energy postpones planned September IPO
Reports citing the New York Times say SoftBank-backed SB Energy has delayed its initial public offering, which had been planned for this month.
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first by Moomoo, 3d ago
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first by Investing.com News, 3d ago
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