SoftBank Group Corp.’s stocks soared nearly 20% in Tokyo after reports said two companies backed by the Japanese investor - OpenAI and SB Energy Corp. - are preparing for US initial public offerings.
OpenAI is preparing to file for an IPO in the coming weeks and is targeting a public debut sometime in the fall, according to a person familiar with the matter. The ChatGPT creator is working with Goldman Sachs and Morgan Stanley to make a a confidential IPO filing as soon as Friday, through the exact timing remains uncertain, the person said.
