SB Energy prepares IPO with OpenAI holding $5.5B in warrants
SoftBank-backed SB Energy is preparing to go public as soon as next month, targeting a $5B-$7B raise, with OpenAI holding warrants in the company valued at $5.5B as of June. WSJ reported SB Energy offered OpenAI warrants valued at $5.5B to land the Ohio campus tenant.
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@IPONewsroom_
SB ENERGY IPO FILING EXPECTED THIS WEEK; OPENAI HOLDS $5.5B IN WARRANTS SoftBank-backed SB Energy is preparing to go public as soon as next month, targeting a $5B-$7B raise, per WSJ. OpenAI received warrants in the company that were valued at $5.5B as of June, after investing https://t.co/73NFqjDsrT
@DV_Memetics
WSJ: SB Energy offered OpenAI warrants valued at $5.5B to land the Ohio campus tenant. The Ohio buildout is still a demand bridge for NVIDIA, but the capital stack is getting more engineered. The same draft IPO materials say SB Energy has $800MW under construction and nearly