Goldman and Morgan Stanley Fall on OpenAI Delay

Corporate Action
โดย GuruFocus·Read original
Summary · why it matters

Goldman Sachs and Morgan Stanley fell Friday after a report said OpenAI may delay its closely watched IPO until 2027. Goldman dropped as much as 4.8%, while Morgan Stanley slid as much as 4.1%, though both later trimmed losses to about 2.8%. The New York Times reported that OpenAI is considering pushing the listing into next year instead of this fall. Both banks are reportedly working with OpenAI on the potential IPO, making them direct beneficiaries if the deal moves forward.

Impact on stocks 3

Financials · 2 stocks
Goldman Sachs Group Inc
GS
▼ NegativeCapitalrelevance

OpenAI IPO delay removes near-term underwriting fees and revenue for Goldman Sachs.

Morgan Stanley
MS
▼ NegativeCapitalrelevance

OpenAI IPO delay removes near-term underwriting fees and revenue for Morgan Stanley.

Off-coverage companies 1

OpenAIPrivate± Mixed
Capitalrelevance

OpenAI is the subject of the IPO delay report, but the impact on its own valuation is unclear.