Nvidia Backed SB Energy’s $50 Billion Valuation Push. Wall Street Just Hit the Brakes
SB Energy's planned public listing is turning into a stress test for the financing side of the AI buildout.
SB Energy's planned public listing is turning into a stress test for the financing side of the AI buildout. The SoftBank-backed developer has slowed preparations for an IPO that had been discussed around a $50 billion valuation, according to a September 22 Financial Times report, while a $4.9 billion debt package has faced weak demand and yields around 10%.
NVIDIA Corporation (NASDAQ:NVDA) has already invested $1.5 billion and committed another $1.5 billion tied to the IPO. American Electric Power Company, Inc.
First reported by Yahoo Entertainment.
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