SoftBank Shares Fall 13% After Report That OpenAI May Delay IPO to 2027

SoftBank Group Corp. shares fell as much as 13% on June 26 after the New York Times reported that OpenAI is weighing a delay of its IPO until 2027, later than the year-end window investors had anticipated. SoftBank has committed roughly $65 billion to OpenAI, and its stock had surged to record highs on expectations of a large financial windfall from the listing. The potential delay is driven by advisor warnings about tech-market volatility and CEO Sam Altman's insistence on targeting a $1 trillion valuation before going public.