SoftBank Group stocks have surged significantly. This rise follows reports that two SoftBank-backed companies, OpenAI and SB Energy, are preparing for initial public offerings in the United States. OpenAI, the creator of ChatGPT, is reportedly planning a fall debut. SB Energy, focused on data center energy infrastructure, also announced its IPO plans.

The ChatGPT maker is working with bankers at firms, including Goldman Sachs and Morgan Stanley, on a draft IPO prospectus that it plans to file confidentially with…

OpenAI is reportedly in talks with major US banks to file for an initial public offering (IPO), potentially targeting a $1 trillion valuation.

Will support its ability to provide power infrastructure to the data center market