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SoftBank Said to Plan U.S. IPO of AI–Robotics Firm Roze at About $100 Billion

The unconfirmed plan signals a push to bundle AI, robotics, data-center assets to raise fresh capital.

The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato
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Overview

  • According to a Financial Times report relayed by Reuters on Wednesday, SoftBank plans to create a new company called Roze and list it in the United States.
  • Roze would focus on artificial intelligence and robotics work and take part in building large data centers that power AI systems.
  • The listing could come as soon as this year with a targeted valuation near $100 billion, the FT reported.
  • Reuters and other outlets said they could not verify the FT account, and SoftBank declined to comment when asked.
  • The FT also reported that Masayoshi Son views a listing as a way to help offset big AI commitments, including pledges to OpenAI, as coverage tied the move to SoftBank’s financing of the Stargate U.S. data‑center project and investments in ABB’s robotics business and DigitalBridge.