SoftBank Stock Falls on Possible OpenAI IPO Delay

Japan’s Nikkei Stock Average Ends 4% Lower as SoftBank Tanks on OpenAI IPO Delay Report (UPDATE 1)

SoftBank’s Shares Tumble After Report of OpenAI’s IPO Delay

SoftBank Group Corp.’s stock fell the most since August 2024 on concerns that OpenAI may hold off on an initial public offering until next year and delay returns for its Japanese backer.

SoftBank stock falls on possible OpenAI IPO delay

SoftBank holds a roughly $65 billion stake in OpenAI, and expectations of a windfall from a public listing had pushed the stock to record highs

Why a reported delay for OpenAI’s listing complicates further the picture for tech stocks

SoftBank shares slumped Friday following a report that OpenAi may delay its IPO until next year.

Japan's Nikkei ends 4% lower as SoftBank tanks on OpenAI IPO delay report

Japan's Nikkei index experienced a significant drop of 4% on Friday, largely due to a sharp decline in tech investor SoftBank Group, which plunged over 12% following reports of a potential delay in OpenAI's IPO. This downturn erased previous gains, impacting other AI-related stocks. Despite the volatility, strategists anticipate a continued rally in AI and chip sectors, citing strong long-term earnings potential and an industry-wide revolution.

Japan's Nikkei falls as SoftBank tanks on reports of OpenAI's IPO delay

TOKYO: Japan's Nikkei share average fell on Friday, retreating from a record high close as SoftBank Group lost more than 12% after a report on a delay in OpenAI's initial public offering.