SoftBank stock surges nearly 20% on dual boost from OpenAI and SB Energy IPO plans

According to Odaily, SoftBank Group Corp.'s shares surged nearly 20% in early Tokyo trading, buoyed by news that OpenAI plans to file an IPO application. On the same day, SB Energy, a second company invested in by SoftBank that develops energy infrastructure for data centers, announced it would confidentially file a U.S. IPO registration statement. SoftBank has a close capital relationship with OpenAI, holding approximately 13% of its shares and having invested a cumulative total of about $64.6 billion through its Vision Fund. According to sources familiar with the matter, OpenAI plans to submit its IPO application in the coming weeks, targeting a listing in the fall of this year. (Jinshi)