SoftBank Group Corp. is reportedly planning to launch a publicly traded data center construction venture called Roze, with a valuation target of $100 billion. The company hopes to list Roze on a US exchange by the end of the year.
Roze will focus on building data centers optimized for AI workloads. According to reports, the venture will use robotics to automate construction workflows. The spinoff is expected to incorporate existing SoftBank assets, such as SB Energy Inc., which builds data centers and renewable energy infrastructure.
SoftBank has been investing heavily in AI. The company bought a $30 billion stake in OpenAI Group PBC last year and made a follow-on investment in February. It also acquired the robotics business of ABB Group for $5.4 billion and is developing robots to automate data center maintenance tasks, including server installation and fault inspection.
The timing of the IPO and the valuation target could still change, with some executives reportedly deeming the roadmap too ambitious. Proceeds from the offering may be used to fund further AI investments.