FTSE 100 slips as OpenAI IPO delay report weighs on tech

London's benchmark index closed lower on Friday, dragged down by technology shares after reports surfaced that OpenAI is postponing its initial public offering.

By Handelsavisen Newsroom · Automated 2026-06-26 16:27 UTC · 1 min read

The FTSE 100 closed down 21.87 points, or 0.2%, at 10,508.02 on Friday, with technology stocks leading the decline.

The sell-off was triggered by reports from the New York Times that OpenAI may delay its long-anticipated initial public offering.

This development follows earlier indications that the company was preparing for a listing, making the reported delay a sharp reversal of expectations.

The potential postponement marks a significant shift in sentiment for the artificial intelligence sector, which has been a primary driver of equity market performance in recent months.

Investors reacted swiftly to the news, selling off tech-heavy names as the timeline for monetizing OpenAI's valuation through public markets was pushed back.

This development follows earlier indications that the company was preparing for a listing, making the reported delay a sharp reversal of expectations.

The uncertainty surrounding the IPO timeline adds to a growing list of headwinds for global technology equities, which have faced pressure from broader macroeconomic concerns and shifting investor appetite for high-growth assets.