Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › Business & Finance › SoftBank’s Shares Tumble After Report of OpenAI’s IPO Delay
Business & Finance

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

SoftBank’s Shares Tumble After Report of OpenAI’s IPO Delay
Bloomberg Technology Friday 26 June 2026, 01:13 UTC By Aya Wagatsuma 1 min read
Key Points

SoftBank’s Shares Tumble After Report of OpenAI’s IPO Delay SoftBank Group Corp.’s stock fell as much as 13% on concerns that OpenAI may hold off on an initial public offering until next year and delay returns for its Japanese backer. SoftBank’s investment in the ChatGPT maker is slated to stand at roughly $65 billion by October. Expectations of a big financial windfall from OpenAI’s public debut had buoyed SoftBank shares to record highs, helping the company’s market capitalization soar...

SoftBank’s Shares Tumble After Report of OpenAI’s IPO Delay SoftBank Group Corp.’s stock fell as much as 13% on concerns that OpenAI may hold off on an initial public offering until next year and delay returns for its Japanese backer. SoftBank’s investment in the ChatGPT maker is slated to stand at roughly $65 billion by October. Expectations of a big financial windfall from OpenAI’s public debut had buoyed SoftBank shares to record highs, helping the company’s market capitalization soar above Toyota Motor Corp.’s last month.
SoftBank (ORG) IPO (ORG) IPO Delay SoftBank Group Corp.’s (ORG) Japanese (ORG) OpenAI (LOCATION) Toyota Motor Corp.’s (ORG)
Originally published by Bloomberg Technology Read original →

Related Stories

Japan’s women-only carriages turn 25

Every Friday Lunar By submitting, you consent to receiving marketing emails from SCMP. If you don't want these, tick here By registering, you agree to ourT&CandPrivacy Policy Lunar By submitting, you consent to receiving marketing emails from SCMP. If you don't want these, tick here By registering, you agree to ourT&CandPrivacy Policy Select Voice Select Speed 1.00x

South China Morning Post just now

Iron Ore Set for Seventh Straight Weekly Loss as Market Softens

Commodities Iron Ore Set for Seventh Straight Weekly Loss as Market Softens Iron ore headed for a seventh weekly loss — the worst run since 2022 — as demand weakened seasonally and mill margins narrowed. Futures for the steelmaking ingredient fell to $96.95 a ton in Singapore on Friday, the lowest intraday level since February. For the week, prices have declined 1.5%, with contracts on track for a second monthly drop.

Bloomberg Markets 20m ago

'Chinamaxxing' bets at Mobile World Congress Shanghai

Jun 26th, 2026 'Chinamaxxing' bets at Mobile World Congress Shanghai A lot of mobile and consumer brands at the Mobile World Congress in Shanghai are taking advantage of the "Chinamaxxing" trend of targeting younger consumers abroad. Bloomberg's Chief North Asia correspondent Stephen Engle has more.

Bloomberg Markets 22m ago

Hong Kong’s big economic dreams: what’s the reality and where do the poor fit in?

Hong Kong’s big economic dreams: what’s the reality and where do the poor fit in? Experts and industry leaders say thriving stock market and other robust macroeconomic indicators point to success but mask pain points In the first of a two-part series on the economy as Hong Kong marks 29 years since its return to Chinese rule, Denise Tsang and Vivian Au look at efforts at transformation, including the city’s bet on the Northern Metropolis, and the challenges ahead. Molly Lam lives alone in a...

South China Morning Post 31m ago