SoftBank's SB Energy delays IPO as investors question $50B+ valuation
SB Energy, SoftBank's energy unit, has delayed its IPO, originally planned for this month, as investors question the sought-after valuation of over $50B. Several data-center-related companies have also postponed offerings amid growing public backlash against energy-hungry facilities.
- SB Energy postponed its IPO, originally planned for this month
- Investors question the company's sought-after valuation of $50B+
- Other data-center-related companies also delayed their IPOs
- Backlash against energy-hungry data centers is a key factor
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