SoftBank Shares Hit Record High, Up 4.6%, on OpenAI and SB Energy IPO Hopes
SoftBank shares rose 4.6% to a record high on Monday as investors bet that possible initial public offerings by OpenAI and SB Energy Corp could deliver large gains on SoftBank's stakes in the companies.
The advance followed earlier reporting by The Information that OpenAI is accelerating IPO plans. That timing could help determine which company defines the AI narrative for public investors as Wall Street braces for a wave of trillion-dollar tech listings.
From the sources (3 posts)
@theinformationOpenAI’s accelerated IPO plans could set up a showdown with Anthropic and SpaceX as Wall Street braces for a wave of trillion-dollar tech listings. The timing may determine which company gets to define the AI narrative for public investor
@businessSoftBank shares surge 4.6% to a record high on hopes of big returns from an OpenAI IPO
@techmemeSoftBank stock jumped 4.6% to a record high on Monday, spurred by hopes of big returns from the company's stakes in OpenAI and SB Energy Corp if they go public (Bloomberg) (Visit Techmeme dot com for the link and full context!)