SB Energy’s planned Nasdaq initial public offering is advancing according to plan, a person familiar with the matter told Investing.com, countering a New York Times report that investor resistance to a valuation of $50 billion or more had pushed the offering to at least mid-to-late October. The source said SB Energy never confirmed a September launch window and did not provide an exact IPO date, meaning any October timing would reflect the company’s original scheduling baseline rather than a postponement. An amended S-1 filing with the U.S. Securities and Exchange Commission confirmed that preparations to list under ticker SBE are continuing. SB Energy is targeting $5 billion to $7 billion in proceeds, with up to $500 million reserved for Japanese retail investors. The company reported $139 million in revenue and a $3.21 billion net loss in the first half of 2026, while its contracted backlog stands at $439 billion and backlog-associated capital spending is estimated at $178 billion. SoftBank Group remains the majority owner, Nvidia is purchasing an additional $1.5 billion of stock and offering up to $105 billion in project guarantees, and OpenAI is the primary data-center tenant with a substantial equity stake and $5.5 billion in warrants offered by SoftBank. The central catalyst remains the anticipated Nasdaq listing, although its timing and final terms have not been explicitly confirmed.