SoftBank shares slide after report OpenAI may delay IPO from late 2026 to 2027
AI Market Summary
Reports that OpenAI may delay its IPO from late 2026 to 2027 due to a ~$1T valuation target undercut a key monetization catalyst for major backers, triggering a sharp SoftBank selloff and reversing recent AI/semiconductor-driven gains. The news highlights SoftBank's earnings sensitivity to mark-to-market AI holdings and suggests near-term equity rerating risk as investors reprice IPO timing amid cooler appetite for mega-cap tech listings.
Impact level
● Medium
Affected assets
NCSKHOOD2USD/USDT-1.59%
AI Insight · NCSKHOOD2USD/USDTAI Insight
▼ Bearish
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OpenAI is considering pushing its IPO timetable back from late 2026 to 2027, with CEO Sam Altman holding firm on a valuation of as much as $1 trillion, The New York Times reported, citing people familiar with internal discussions. The report triggered a sharp decline in SoftBank (SFTBY) shares, erasing an 8% gain earlier in the week driven by optimism in the semiconductor sector. SoftBank has invested over $34.6 billion in OpenAI and committed an additional $30 billion. The Japanese group’s fiscal 2025 net income surged 333.7%, largely supported by mark-to-market gains on AI holdings.
