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SOFTBANK GROUP (9984.JP) Surges 19.85% on OpenAI IPO Speculation
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SOFTBANK GROUP (9984.JP) closed at JPY6,039 today (21st), soaring 19.85% for the full day. Market sources said OpenAI may begin preparations for its IPO application as soon as the 22nd, targeting a listing as early as September. Following the expected IPO of US-based SpaceX in June, OpenAI is poised to become another major AI-related listing project. OpenAI was recently valued at approximately USD852 billion, and the market expects its IPO valuation could exceed USD1 trillion. The company holds about an 11% stake in OpenAI, and investors are therefore optimistic that the value of its holdings will further expand. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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