SB Energy Files for US IPO with NVIDIA $1.5B Investment and OpenAI Data Center Client

SoftBank Group subsidiary SB Energy has filed for an initial public offering (IPO) in the United States. The company disclosed that NVIDIA will invest $150 million (approximately 2 trillion won) and OpenAI will be a data center customer, with both developments occurring simultaneously. According to documents submitted by SB Energy to the U.S. Securities and Exchange Commission (SEC) on September 1, the company applied for listings on the Nasdaq Global Select Market and Nasdaq Texas, with ticker symbol 'SBE.' The number of shares and price range have not yet been determined, and the registration statement has not yet taken effect.

NVIDIA announced on August 17 that it will invest $150 million in SB Energy and exclusively supply NVIDIA AI computing infrastructure at the Ohio-based Port-Pike data center campus. Initial AI data center capacity is 4.25 gigawatts (IT standard), with NVIDIA retaining an option to add up to 3.75 gigawatts. In the same statement, NVIDIA confirmed OpenAI as a client of the campus and noted that SB Energy will construct, own, and operate the facility under a 20-year lease agreement.