Why SoftBank's new $40B loan points to a 2026 OpenAI IPO [TechCrunch]
SOFTBANK GRP UNSP/ADR (SFTBY)
NASDAQ:AMEX Investor Relations:
softbank.jp/en/corp/irinfo/presentations
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Source: TechCrunch
Most striking is that the loan is unsecured and has a 12-month term, meaning it must be repaid or refinanced by next year. This could be a signal that the lenders believe OpenAI's highly anticipated public listing will indeed come later this year, as some markets outlets, like CNBC , have reported. The loan is provided by JPMorgan Chase, Goldman Sachs and four Japanese banks. Since OpenAI's IPO is bound to be one of the largest listings ever, if it does happen this year, that would presumably give SoftBank the liquidity to settle the debt in such a short time span. SoftBank's new $30 billion investment in OpenAI brings its total bet on the ChatGPT's maker to over $60 billion. Subscribe for the industry's biggest tech news Latest in Venture
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News
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