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SoftBank Group-backed SB Energy Plans Confidential IPO Filing in the US

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SoftBank Group-backed (TYO:9984) SB Energy plans to confidentially submit a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission, according to a press release on Wednesday.

This submission relates to a proposed initial public offering of the company's common stock in the United States, the power infrastructure company said in the release.

The actual offering and its timing remain subject to market conditions, various considerations, and the completion of the SEC's review process, the release said.

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SoftBank Group-backed SB Energy Plans Confidential IPO Filing in the US | FINWIRES