Goldman Sachs Group IncGS
▼ NegativeCapitalrelevance
OpenAI IPO delay removes near-term underwriting fees and revenue for Goldman Sachs.
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.
Goldman Sachs Group IncOpenAI IPO delay removes near-term underwriting fees and revenue for Goldman Sachs.
Morgan StanleyOpenAI IPO delay removes near-term underwriting fees and revenue for Morgan Stanley.
OpenAI is the subject of the IPO delay report, but the impact on its own valuation is unclear.