Bank of America Extends $520 Million Loan to OpenAI Ahead of IPO

Bank of America has extended a $520 million credit line to OpenAI, its first loan to the AI company that is preparing for an initial public offering. This makes BofA one of OpenAI's largest lenders and bolsters its credentials as a market leader in AI-related capital markets financing.

■BofA has helped raise nearly $500 billion in capital for AI-related companies since 2025.

■OpenAI is targeting a valuation of more than $1 trillion in a listing that could come as soon as this year.

Loan Details - Loan amount: $520 million - Purpose of the loan: to provide financing for OpenAI's initial public offering ## Investment Interest - BofA has provided approximately $500 billion in capital for AI-related companies since 2025.

■OpenAI is targeting a valuation of more than $1 trillion in a listing that could come as soon as this year.

The markets are closely watching OpenAI's initial public offering. This could be a significant development in the technology sector.