đš SoftBank CDS hits near three year high as OpenAI exposure draws scrutiny
SoftBankâs five year CDS hovered around 383.2 bps, near its highest level since 2023, as traders assessed the groupâs growing exposure to OpenAI.
SoftBank has committed $64.6 billion to OpenAI, making it one of the groupâs largest investments.
OpenAI is in early talks for a pre IPO funding round that could value the company above $1.2 trillion.
CEO Sam Altman said OpenAI is preparing for an IPO, but does not expect the listing to happen this year.
SoftBankâs five year CDS hovered around 383.2 bps, near its highest level since 2023, as traders assessed the groupâs growing exposure to OpenAI.
SoftBank has committed $64.6 billion to OpenAI, making it one of the groupâs largest investments.
OpenAI is in early talks for a pre IPO funding round that could value the company above $1.2 trillion.
CEO Sam Altman said OpenAI is preparing for an IPO, but does not expect the listing to happen this year.