Bank of America has extended a $520 million loan to OpenAI. The strategic financing is intended to support the AI company's infrastructure expansion as it prepares for a potential public listing.
The move underscores Wall Street's competition for advisory roles in what is expected to be a major AI IPO. OpenAI has confidentially filed an S-1 with the SEC, suggesting a possible debut in 2027.
Market pricing for an OpenAI IPO by the end of 2026 has ticked up to 22.5%, reflecting increased investor confidence following the loan announcement.