SoftBank shares surge nearly 20% on double boost from OpenAI and SB Energy IPO plans

Odaily reported that SoftBank Group's shares surged nearly 20% in early Tokyo trading, boosted by news that OpenAI plans to submit an IPO application. On the same day, SB Energy, the second company invested in by SoftBank, which develops energy infrastructure for data centers, announced it would confidentially submit its U.S. IPO registration statement. SoftBank has close capital ties with OpenAI, holding approximately a 13% stake, and has invested a cumulative total of about $64.6 billion through its Vision Fund. Sources revealed that OpenAI plans to submit its IPO application within the next few weeks, targeting a listing this fall. (Jinshi)