SoftBank shares plummet due to possible delay of OpenAI IPO

```htmlGolden Ten Data reported on June 26 that due to market concerns that OpenAI may postpone its IPO until next year, delaying the investment return for its Japanese investors, a certain exchange's share price fell 12% during trading. By October, the exchange's investment in ChatGPT developer OpenAI is expected to reach around $65 billion. Previously, the market anticipated that OpenAI's listing would bring substantial gains, pushing the exchange's stock to a record high and its market value to exceed that of Toyota Motor Company last month. However, according to The New York Times, OpenAI's advisor bankers have warned that the volatility of tech stocks could dampen market enthusiasm for the IPO. As a result, the exchange's stock saw its largest single-day drop in over three months in early Friday trading in Tokyo. Hiroki Takei, strategist at Risona Holdings, stated that OpenAI's listing would provide a transparent market valuation for the large assets held by the exchange, which also includes hundreds of unlisted startups in its investment portfolio. If OpenAI goes public, investors will be able to better assess the exchange's overall investment portfolio, and this transparency is expected to reduce the significant conglomerate discount or risk premium currently faced by the exchange's stock. "News of the IPO being delayed will naturally lower these expectations," he said.```