Cailianshe, June 27 (Editor Zhao Hao) Friday (June 26) early US stock trading, Morgan Stanley and Goldman Sachs shares both fell sharply, while other major banks also showed significant pressure.
Specific trading showed that Morgan Stanley opened down about 4.2% to $211.84, and Goldman Sachs fell up to 4.8% to $1,013.38, both hitting their lowest levels since June 12. The KBW Bank Index (ticker: BKX) fell more than 1.6% during the session.
It is reported that the US artificial intelligence company OpenAI had been working with Goldman Sachs and Morgan Stanley to advance a potential listing plan. However, OpenAI is now considering postponing the IPO from the originally scheduled fall this year to next year due to volatility in the tech stock market.
It is understood that OpenAI has also contacted other investment banks such as Citigroup and JPMorgan Chase to discuss participation in its listing. Its competitor Anthropic has selected Morgan Stanley and Goldman Sachs to lead its IPO, with JPMorgan also participating, according to sources.
Shortly before publication, sources said OpenAI has not yet held pre-IPO discussions on pricing and demand, nor set a listing timetable. But once the company has a clearer grasp of timing, it may begin exploratory meetings with investors.
Earlier this month, OpenAI CEO Sam Altman also mentioned that the company will go public when the time is right.
"I think everyone is racing to provide the best technology and build the best business model, but, you know, an IPO is a financing activity, and I think the focus should not be on the timing of the IPO."
It should be noted that Morgan Stanley and Goldman Sachs shares have generally been on an upward trend recently, with Morgan Stanley up over 30% this quarter and Goldman Sachs up over 22%, as the two banks have profited handsomely from SpaceX's "epic IPO."
Analyst Herman Chan said: "Goldman Sachs and Morgan Stanley underperformed their peers today. These two banks have been among the beneficiaries of AI-related capital market optimism, especially given their lead underwriting roles in the SpaceX IPO."
Truist analyst Brian Finneran wrote in a note to clients: "The IPO delay news this morning weighed on the tech sector and also sparked discussion about whether optimistic capital market expectations for companies like Goldman Sachs and Morgan Stanley could be impacted."
However, Finneran added: "The IPO market remains open, and staggering the listing timing could actually be a net positive for 2027 results, as the market has been increasingly concerned about a high base comparison pressure in 2027."
