SoftBank-Backed SB Energy’s IPO Seeks $500 Million in Japan

SB Energy Inc., a data center firm backed by SoftBank Group Corp., is aiming to raise as much as $500 million in the Japanese portion of its planned initial public...

By Yasutaka Tamura · Bloomberg Markets

SB Energy Inc., a data center firm backed by SoftBank Group Corp., is aiming to raise as much as $500 million in the Japanese portion of its planned initial public offering in the US, following other major deals in tapping the country’s deep pools of capital.