TechNew York Times1h ago
SoftBank's SB Energy has delayed its IPO, originally planned for this
Sources: SoftBank's SB Energy has delayed its IPO, originally planned for this month, as investors question the company's sought-after valuation of $50B+
TL;DRSoftBank's energy unit postponed its IPO over valuation concerns amid data center skepticism.
Why it matters: Signals investor hesitation on AI infrastructure plays and energy-intensive tech bets.
Several companies tied to the data center industry have delayed their initial public offerings amid the increasing public backlash to these energy guzzling facilities.
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