SoftBank shares slide as investors weigh SB Energy U.S. IPO
SoftBank Group fell about 5.1% to $15.335 as investors priced in SB Energy’s planned U.S. IPO. Reported figure: roughly $439 billion in contracted AI-related backlog, alongside a reported $3.21 billion loss.
SoftBank Group (SOBKY), the Japanese technology-investment and artificial-intelligence powerhouse, tumbled roughly 5.1% to $15.335 Wednesday as investors sized up SB Energy's planned U.S.
IPO.
The headline number is breathtaking: approximately $439 billion in contracted backlog.
The reality check i…