ChipsThe story, in brief
German electricity grid equipment maker SGB-SMIT in early IPO talks
€4B valuation. German grid equipment maker SGB-SMIT heading to IPO on the back of AI data centre power demand.
The KeyNews take
Why it matters
As AI infrastructure capex accelerates, the unsexy but critical power distribution layer is becoming a venture-scale business. SGB-SMIT's IPO signals investor confidence in sustained data centre power demand.
The key facts
5 to knowSGB-SMIT in early IPO talks
Valuation could exceed €4 billion
Company supplies electrical grid equipment for data centres
Investor focus driven by AI and data centre boom
Published June 2026
Go to the source
Financial Times Technologyft.com
Publisher excerpt: Company’s valuation could top €4bn as investors focus on AI and data centre boom