SB Energy Delays IPO Over $50 Billion Valuation as Data Center Doubts Spread
Updated
Updated · The New York Times · Sep 21
SB Energy Delays IPO Over $50 Billion Valuation as Data Center Doubts Spread
2 articles · Updated · The New York Times · Sep 21
Summary
SB Energy pushed back an IPO it had targeted for this month after bankers struggled to find enough buyers at the valuation range the company wanted.
The SoftBank subsidiary had sought a valuation of $50 billion or more, but investors are increasingly questioning data-center growth assumptions and the risks tied to the sector’s rapid build-out.
That skepticism is spilling beyond SB Energy: Holtec, which aims to supply nuclear power for AI demand, said last week it was pausing its IPO indefinitely because confidence in new offerings had been impaired.
The pullback threatens what had been expected to be a major IPO wave for companies tied to AI infrastructure, including data-center operators and suppliers of energy and land.