[SB Energy, a Subsidiary of SoftBank, to Submit IPO Registration Application] According to Golden Finance, on May 21, SoftBank Group's subsidiary SB Energy plans to confidentially submit a draft registration statement for an initial public offering (IPO) to the U.S. Securities and Exchange Commission (SEC). The digital infrastructure and energy company stated on Wednesday that the offering and its timing will depend on market conditions and other factors, and will await the completion of the SEC review process. In January of this year, SoftBank Group and OpenAI announced that they would each invest $500 million in SB Energy. This move is part of the "Stargate" project, a plan aimed at creating a comprehensive AI infrastructure platform in collaboration with multiple U.S. companies. Additionally, OpenAI has selected SB Energy to build and operate its previously announced data center in Milam County, Texas.