Odaily Planet Daily report: On Monday, SoftBank Group's stock rose to an all-time high as investors bet that its stakes in OpenAI and SB Energy could generate substantial returns if these companies eventually go public. Since May 20, SoftBank’s stock has surged 40%, pushing the company’s market capitalization past 40 trillion yen ($252 billion). A two-day rally last week sent shares soaring, following reports that OpenAI is preparing to file for an IPO within days. SB Energy, an infrastructure company for power systems, also announced plans to secretly file for an IPO in the United States. As OpenAI appears closer than ever to an IPO, market concerns about threats to its dominance from competitors such as Anthropic, Google, and xAI have eased. Takashi Nakagawa, Senior Analyst at TokaiTokyo Intelligence Laboratory, said the market is “extremely excited that the long-awaited OpenAI IPO may finally be nearing reality,” noting that it would increase transparency in valuations within the AI sector, which have historically been opaque. SoftBank’s portfolio includes a large number of non-public AI-driven startups.
SoftBank's stock reaches record high amid expectations of an OpenAI IPO
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Summary
SoftBank’s stock reached a record high on Monday, as on-chain data and investor sentiment suggest potential upside from its stakes in OpenAI and SB Energy ahead of possible IPOs. The share price has risen 40% since May 20, pushing its market cap above 40 trillion yen. OpenAI is expected to file for an IPO soon, while SB Energy plans a confidential U.S. filing. Analysts are highlighting altcoins to watch as valuations in the AI sector become clearer.
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