Key facts
- SoftBank Group shares experienced a decline of over 12% on Friday.
- The drop was linked to reports suggesting OpenAI might delay its initial public offering.
- Disappointed investors reportedly engaged in profit-taking.
Shares in SoftBank Group fell more than 12% on Friday morning, driven by investor concerns over a potential delay in OpenAI's market debut. The Japanese tech conglomerate, which has made significant investments in the ChatGPT creator, saw its stock price decline as disappointed investors engaged in profit-taking. The report suggests that OpenAI is considering postponing its initial public offering, impacting SoftBank's valuation.