SoftBank Selects Banks for SB Energy and Roze IPOs
SoftBank has appointed five banks to lead the IPO of its energy unit SB Energy and four of the same banks for the IPO of robotics firm Roze.
japantimes.co.jpSoftBank has appointed JPMorgan, Goldman Sachs, Morgan Stanley, Citi and Mizuho to handle the initial public offering of SB Energy. The same banks, minus Citi, were also selected to lead the IPO of robotics firm Roze.
The dual appointments were reported by multiple market sources on Tuesday. The banks will advise on valuation, regulatory filings and investor roadshows for both transactions.
Energy develops and operates renewable power projects.
Roze focuses on robotics technology. No timetable or expected valuation figures were disclosed in the reports. Market participants said the choice of multiple bulge-bracket banks reflects the size and complexity of the planned offerings.
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