"Sony's PS5 Sales Disappoint, Plans IPO for Financial Unit in 2025"
Sony Group Corp. plans to list its financial arm in October 2025 to raise capital after revising its gaming division's forecast following lower-than-expected PS5 sales. This move will reverse a $3.7 billion take-private deal from 2020, and Sony's stock rose 3.2% in premarket trading in New York after the announcement.