SoftBank shares slide over 12% on concerns of an OpenAI IPO delay
Shares in Japanese technology investor SoftBank fell more than 12% on concerns that AI company OpenAI could delay its initial public offering. The drop coincided with a broader selloff in technology stocks.
Shares in Japanese technology investor SoftBank fell more than 12% amid concerns that OpenAI could delay its initial public offering. SoftBank is one of the AI company's largest backers.
According to reports, the AI firm's IPO could slip to 2027. That prospect heightened questions over the value of SoftBank's investment portfolio.
The decline coincided with a broader selloff in global technology stocks. Investors are watching the listing timelines of AI companies closely.
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