SoftBank's shares experienced their steepest intraday decline in over three months after reports suggested OpenAI's IPO might face delays due to tech stock volatility.
SoftBank is one of OpenAI's major investors
Jun 26, 2026
09:35 am
What's the storySoftBank Group Corp's shares fell by as much as 13% on Friday.
The decline comes amid speculation that OpenAI, the artificial intelligence company backed by SoftBank, may delay its initial public offering (IPO) until next year.
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