SoftBank's SB Energy plans to raise up to $500 million in a Japan IPO.

On September 15, according to reports, a document submitted to Japan's Ministry of Finance shows that SB Energy, SoftBank's data center and energy infrastructure company, will raise up to $500 million through a share offering in Japan as part of its planned IPO in the United States. Mizuho Securities, Daiwa Securities, PayPay Securities, Rakuten Securities, and SBI Securities will handle the related transaction.