proxy for OpenAI IPO with closing NAV discount.
SoftBank is a high-leverage proxy for the OpenAI IPO, with the discount to NAV potentially closing from 17% to a premium.
SoftBank owns 25% of OpenAI plus 90% of ARM, making it a concentrated AI bet. The discount to NAV has tightened from 50% to 17% and could flip to a premium if the OpenAI IPO excites markets. High debt and volatility are risks.
"How to Bet on the OpenAI IPO | WAYT?"