According to CoinMeta, SB Energy has submitted an application to the US SEC for IPO, planning to list on NASDAQ and the NASDAQ Dezhou Exchange, with the stock code being 「SBE“. SoftBank is the controlling shareholder. According to the prospectus, SB Energy states that its business is „highly dependent“ on OpenAI; OpenAI is both a tenant of its data center and a shareholder, and the operational performance of OpenAI will significantly affect the company’s recent revenue, project financing, and development plans. As of the date of the prospectus submission, SB Energy did not have any data centers in operation, and the data center business had not yet generated any revenue. In the first half of 2026, the company incurred a net loss of approximately $3.2 billion, with revenue of about $139 million, mainly from its traditional energy business. The company also disclosed that the construction of its AI data centers is highly dependent on external financing and partner support. SB Energy is seeking to raise approximately $5 billion to $7 billion through IPO and may list as soon as this month.