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SoftBank Shares Jump on Energy Infrastructure IPO Plans

SoftBank Group Corp. shares surged nearly 20% in Tokyo trading after SB Energy Corp. announced plans to pursue a U.S. initial public offering. The digital infrastructure unit said it would file a confidential draft registration statement for the proposed listing, marking a significant step in expanding data center operations. The move reflects growing investor appetite for energy infrastructure tied to artificial intelligence buildout demands. The announcement came as SoftBank adjusted financial plans elsewhere in its portfolio, reducing a proposed margin loan backed by its OpenAI stake to $6 billion from an initial $10 billion target due to creditor concerns. The IPO filing underscores SoftBank's strategy to monetize infrastructure assets while navigating broader market conditions affecting technology investments.