SoftBank hires banks for IPOs of SB Energy, AI robotics spinoff Roze
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- SoftBank hired JPMorgan, Goldman Sachs, Morgan Stanley, Citi and Mizuho to prepare an IPO for SB Energy, which could come as early as September, with a target valuation above $50 billion.
- SoftBank also engaged Goldman Sachs, JPMorgan, Mizuho and Morgan Stanley to ready an IPO for its autonomous‑robotics spinout Roze, which could target a similar timeline.
- SB Energy is partnering with OpenAI and SoftBank on the $500‑billion Stargate initiative and will build a 1.2‑GW data‑centre campus in Texas with solar and battery storage; OpenAI has pledged $500 million as part of a $1‑billion joint investment with SoftBank.
- Roze plans to use autonomous robotics to accelerate AI‑infrastructure construction, addressing labour and bottleneck challenges as AI capacity demand surges.
- Investors are showing strong appetite for AI‑related mega‑listings, with upcoming IPOs from SpaceX, Anthropic and OpenAI testing demand for large new issues.
Why it matters: Investors pour capital into AI‑infrastructure, and SoftBank’s $50 billion‑plus IPOs will fund power generation and autonomous construction, accelerating data‑centre rollout and easing AI‑supply bottlenecks. This surge of funding underscores the expanding demand for AI‑infrastructure assets.
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