New Delhi, Sept. 1 -- SB Energy has filed for an initial public offering with the US Securities and Exchange Commission, setting the stage for a potential public-market debut as the company expands into the rapidly growing business of powering artificial intelligence data centres.

The company, backed by SoftBank, OpenAI and Nvidia, plans to list on the Nasdaq and Nasdaq Texas under the ticker SBE. It has not yet disclosed the size or pricing of the offering. The Wall Street Journal reported that SB Energy could seek to raise between $5 billion and $7 billion and could begin trading as soon as this month.

The IPO comes shortly after Nvidia committed $105 billion in financing for an OpenAI data-centre project in Ohio that SB Energy will b...