SoftBank is preparing to spin out a new AI and robotics vehicle called Roze and list it on a U.S. exchange. The venture will focus on building data‑centre capacity as Masayoshi Son accelerates his AI ambitions. Executives eye a valuation near $100bn, with a possible IPO as early as this year to raise fresh capital.

The listing aims to offset SoftBank’s spending commitments that run into tens of billions, including large OpenAI pledges. The group has not set the exact stake it will sell but has historically kept majority control, still owning about 90% of UK chip designer Arm. ABB Robotics, bought for $5.4bn, will anchor the robotics side, while a large Ohio data‑centre is under development.

Investors will weigh Roze IPO against three mega‑listings slated for 2024—SpaceX, Anthropic and OpenAI—adding pressure on U.S. markets. Some SoftBank insiders doubt the $100bn target given geopolitical tension and the need to shore up balance‑sheet leverage. With SoftBank’s share price volatile after a 45% plunge from its October peak, the Roze float represents the fastest route for Son to fund his AI push for the conglomerate.