U.S. IPO Pipeline Broadens Into AI Infrastructure

SB Energy is reportedly planning a U.S. IPO involving up to $500 million of shares sold to Japanese investors, a potential $1.5 billion Nvidia commitment and an indicative valuation near $50 billion. Alongside Bamboo Insurance and Electra Therapeutics, the deal offers a read-through on issuance appetite, AI infrastructure funding and valuation tolerance, although final terms remain uncertain.