Morgan Stanley Eyes OpenAI IPO Fees as SoftBank’s $65B Delay Looms
MS•Morgan Stanley is advising on a potential OpenAI IPO, while SoftBank’s $65 billion stake valuation faces a likely year-end listing delay that could reduce capital markets fees. The bank also favors Chinese mainland hardware tech names over Hong Kong shares, highlighting a 64% sector rally and stronger AI-driven earnings prospects.
1. OpenAI IPO Advisory
Morgan Stanley has been named co-lead advisor alongside Goldman Sachs on a prospective OpenAI IPO slated for as early as fall. The delay in OpenAI’s listing until year-end threatens to defer recognition of underwriting fees tied to SoftBank’s $65 billion stake, potentially lowering capital markets revenue.
2. Chinese Hardware Tech Strategy
In its latest research, Morgan Stanley recommends Chinese mainland-listed hardware technology stocks over their Hong Kong counterparts. Analysts cite a record 64% quarter-to-date surge in the STAR 50 Index and robust AI-driven earnings upgrades as key drivers supporting onshore equities.
