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SoftBank's stock surges nearly 20% on dual boost from OpenAI and SB Energy's IPO plans.

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AIMPACT News, May 21 (UTC+8), Boosted by news that OpenAI plans to file an IPO application, SoftBank Group's stock surged nearly 20% in early Tokyo trading. On the same day, the second company SoftBank invested in—SB Energy, which develops energy infrastructure for data centers—announced it would confidentially file a U.S. IPO registration statement. SoftBank has a close capital relationship with OpenAI, holding about 13% of its shares, with cumulative investments of approximately $64.6 billion through the Vision Fund. Insiders reveal that OpenAI plans to submit its IPO application within the next few weeks, aiming for a listing this fall. (Jin Shi) (Source: ODAILY)
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