TechFlow News, May 21: Boosted by news that OpenAI is preparing to file for an IPO, SoftBank Group’s stock surged nearly 20% in early Tokyo trading. On the same day, SB Energy—the second company invested in by SoftBank—announced it would confidentially submit its U.S. IPO registration statement. SB Energy develops energy infrastructure for data centers. SoftBank maintains a close capital relationship with OpenAI, holding approximately 13% of its shares and having invested roughly $64.6 billion cumulatively through its Vision Fund. According to informed sources, OpenAI plans to file its IPO application within the coming weeks, targeting a listing this autumn. (Jinshi)
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