SoftBank Plans $100 Billion IPO for New Robotics Company Roze
Japan's SoftBank Group plans to create and list a new company called Roze in the United States, reports Reuters. The firm will focus on building data centers using robotics and artificial intelligence.
According to the report, SoftBank executives are targeting a valuation of around $100 billion for Roze. The listing could take place as early as this year. Founder and CEO Masayoshi Son is said to be pursuing the move while also managing financial commitments related to SoftBank's investments in companies such as OpenAI.
Roze will support SoftBank's broader efforts to expand its presence in digital infrastructure. The group is also leading financing for the Stargate project, which aims to develop large data centers in the United States. Other related holdings include investments in ABB's robotics unit and DigitalBridge, a firm specializing in digital infrastructure.
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