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News of OpenAI planning to submit an IPO application boosted SoftBank Group's stock price, which surged nearly 20% in early Tokyo trading. On the same day, SB Energy, the second company SoftBank has invested in, announced that it will confidentially submit a US IPO registration statement. SoftBank has a close capital relationship with OpenAI, holding approximately 13% of the shares with a total investment of about $64.6 billion through the Vision Fund. Sources familiar with the matter revealed that OpenAI plans to submit an IPO application in the coming weeks with the goal of going public this fall.
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