IPO documents: SoftBank's SB Energy plans to file for an IPO as soon as this week, aiming to raise $5B to $7B, and has awarded OpenAI warrants worth ~$5.5B (Anissa Gardizy/Wall Street Journal)
OpenAI’s SB Energy warrants are valued at about $5.5 billion in the IPO paperwork.
The Wall Street Journal item says SoftBank’s SB Energy could file for an IPO as soon as this week. The company is aiming to raise $5 billion to $7 billion. The warrants deepen SB Energy’s financial ties with OpenAI as it builds out projects. Techmeme's note
The Wall Street Journal item says SoftBank’s SB Energy could file for an IPO as soon as this week. The company is aiming to raise $5 billion to $7 billion. The warrants deepen SB Energy’s financial ties with OpenAI as it builds out projects. Techmeme's note
score 8