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SoftBank Group was downgraded on Thursday to “Underperform” by Jefferies, which warned that the Japanese technology investor's rapidly expanding financial commitments to OpenAI are raising concerns about valuation integrity. The brokerage warned of growing structural risks tied to SoftBank's concentrated investment exposure and its accelerating funding of the AI company.
SoftBank's PayPay will begin trading on the Nasdaq later on Thursday, after the Japanese payments app raised about $880 million in its hotly anticipated U.S. initial public offering.
SoftBank Group-backed PayPay priced its U.S. initial public offering at $16 per share on Wednesday, below its targeted price range, people familiar with the matter said, as the U.S.-Israeli war on Iran weighed on markets.
The initial public offering (IPO) of SoftBank's PayPay is likely to price around the low end of the marketing range as tensions in the Middle-East roil markets, according to two sources familiar with the matter.
SoftBank is seeking a loan of up to $40 billion, primarily to finance its investment in ChatGPT-maker OpenAI, a Bloomberg News reporter said in an X post on Friday.
SoftBank Group's payments app operator, PayPay's U.S. initial public offering could bolster the Japanese technology investor's coffers as it pours billions into artificial intelligence.
PayPay, Japan's leading mobile payment app, has reportedly postponed its US IPO due to market volatility and recent conflict in the Middle East.
SoftBank's PayPay has delayed its highly anticipated IPO roadshow that was scheduled to launch Monday as markets were rattled by this weekend's attack on Iran, according to two people familiar with the matter.
A group of global investors including Qatar Holdings, an investment arm of Qatar Investment Authority, Visa and Abu Dhabi Investment Authority, is preparing to invest more than $200 million as cornerstone investors in the U.S. initial public offering by SoftBank's PayPay, according to two people familiar with the matter.
OpenAI on Friday (Feb. 27) confirmed it has raised $110 billion in new funding from Amazon, Nvidia and SoftBank, in one of the largest private capital raises in technology history, as the company moves to secure the compute and infrastructure needed to scale advanced AI systems globally.
OpenAI raised $110 billion, with Amazon and Nvidia joining as major investors. OpenAI's biggest corporate backers are all intense rivals of Google.
OpenAI's new $730 billion valuation is more than double what it was a year ago. But OpenAI's financials pale in comparison to those of public peers.
OpenAI has closed a $110 billion funding round, a financing that's more than double the size of its last raise a year ago, which was a record for a private tech company. Amazon invested $50 billion, Nvidia invested $30 billion and SoftBank invested $30 billion in the round, OpenAI said in a release on Friday.
OpenAI said on Friday it is raising $110 billion in a blockbuster funding round that would value the ChatGPT maker at $840 billion, in a deal that signals the feverish pace of investment in artificial intelligence.
OpenAI said it raised $110 billion in its latest funding round. That surpasses the $40 billion round the company raised last year, which was a record for a private tech company.
Wayve said the round, led by venture capital firms Eclipse Capital, Balderton Capital and a SoftBank Group fund, pushes its post-money valuation to $8.6 billion.
SoftBank subsidiary SB Energy is expected to build a massive 9.2 gigawatt natural gas-fired power plant on the Ohio-Kentucky border, according to a report from Bloomberg. If completed, it would be the largest power plant in the U.S., capable of powering around 7.5 million homes.
SoftBank Group (SFTBF, Financials) reshuffled its portfolio in the fourth quarter, making a series of moves that signal a shift in capital allocation priorities
Softbank Group Corp. disclosed that it dissolved its stake in Nvidia during the fourth quarter of 2025, according to Softbank's 13-F filing with the U.S. Securities & Exchange Commission for the period.
Japanese payments app PayPay, which is backed by SoftBank , on Thursday made public its paperwork for an initial public offering in the United States.