SB Energy weighs December or later IPO as data center listings cool

SB Energy, the SoftBank-controlled developer building a large Ohio data center for OpenAI, is considering a December IPO or waiting until next year, later than the September target reported in August. Public markets have soured on data center and AI cloud offerings, and Australia's Firmus pulled its IPO this month.

• SB Energy had targeted a September 2026 IPO
• New timeline is December or next year
• Firmus withdrew its IPO amid cooling demand
• SB Energy is building an Ohio data center for OpenAI