Bank of America Offers OpenAI Credit Facility in Bid for IPO Advisory Role
As artificial intelligence advances rapidly, Wall Street is focusing on AI unicorns’ capital-markets plans. Generative AI leader OpenAI and rival Anthropic have formally filed for initial public offerings, setting off fierce competition among investment banks. Major financial institutions are forging early funding ties as they vie for leading roles in lucrative AI financing and underwriting—and a share of what could be IPOs of the century.
Bank of America has extended OpenAI a credit facility of up to $520 million for the first time, primarily as it seeks an advisory role in the company’s future IPO. Although OpenAI and Anthropic have filed to go public, OpenAI is reportedly considering delaying its listing until 2027 amid volatile market valuations. The move is intended to strengthen Bank of America’s lead in AI financing and position it for future capital-markets business.
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The history behind this eventOpenAI Could Confidentially File for IPO as Early as Friday, Targeting September Listing
OpenAI helped ignite the generative AI boom with ChatGPT, but training models and building computing infrastructure require enormous investment. Going public could broaden its fundraising options and increase financial transparency. A listing at the reported valuation of $850 billion to $1 trillion would rank among the largest technology IPOs in recent years and could influence the listing plans of Anthropic and SpaceX.
The Wall Street Journal reported that OpenAI is working with Goldman Sachs and Morgan Stanley on a U.S. IPO and could confidentially submit an S-1 filing as early as July 24, 2026, targeting a September listing. Some more recent reports say the filing has already been submitted. SpaceX was previously reported to be considering a June listing, but the precise timetable, underwriting arrangements and final valuation have yet to be confirmed.
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