--- title: "A $40 Billion \"Unsecured 1-Year Loan\" for SoftBank! Are JP Morgan, Goldman Sachs, and Others \"Certain\" OpenAI Will IPO This Year?" type: "News" locale: "zh-HK" url: "https://longbridge.com/zh-HK/news/280866257.md" description: "SoftBank Group Corp. is betting on OpenAI with a $40 billion bridge loan. The unusual aspect is that this loan is unsecured and has a tenor of only 12 months. Top investment banks such as JP Morgan and Goldman Sachs jointly underwriting such a high-risk short-term financing are interpreted by the market as Wall Street having high confidence that OpenAI will complete its IPO within a year" datetime: "2026-03-28T06:07:18.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/280866257.md) - [en](https://longbridge.com/en/news/280866257.md) - [zh-HK](https://longbridge.com/zh-HK/news/280866257.md) --- > 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/280866257.md) | [English](https://longbridge.com/en/news/280866257.md) # A $40 Billion "Unsecured 1-Year Loan" for SoftBank! Are JP Morgan, Goldman Sachs, and Others "Certain" OpenAI Will IPO This Year? SoftBank Group Corp. is betting on OpenAI with a $40 billion bridge loan, and the loan structure itself may reveal Wall Street's assessment of the AI giant's timeline for going public. SoftBank Group Corp. announced on Friday that it has secured a $40 billion bridge loan to support its investment commitments to OpenAI and for general corporate purposes. The loan is jointly arranged by JP Morgan, Goldman Sachs, Mizuho Bank, Sumitomo Mitsui Banking Corporation, and MUFG Bank. The most noteworthy aspect of this loan is its structure: it is unsecured, has a repayment window of only 12 months, and must be repaid or refinanced by March 2027. This arrangement implies that the participating banks generally expect OpenAI to go public within a year, at which point SoftBank will have sufficient liquidity to clear the debt. ## **"1-Year Unsecured" Structure: Is Wall Street Betting on OpenAI's IPO This Year?** The loan's tenor is the focus of market attention. This $40 billion loan is unsecured and has a repayment window of only 12 months, meaning SoftBank must complete repayment or refinancing arrangements by next year. According to previous reports by media outlets such as CNBC, OpenAI is expected to advance its IPO plans this year. If the aforementioned expectations materialize, this IPO would rank among the largest public offerings in history, providing ample liquidity for SoftBank to repay the loan. The participation of top-tier investment banks like JP Morgan and Goldman Sachs in arranging this short-term unsecured loan is itself interpreted by the market as a sign of these institutions' high confidence in OpenAI's IPO timeline. ## **SoftBank's Bet on OpenAI Rises to Over $60 Billion** This loan directly serves SoftBank's previously made investment commitments. Last month, OpenAI completed a record-breaking $110 billion funding round, in which SoftBank committed to invest $30 billion through its Vision Fund II. Including previous investments, SoftBank's cumulative bet on OpenAI now exceeds $60 billion. SoftBank founder Masayoshi Son has continued to increase his investments in the artificial intelligence sector in recent years. Previously, SoftBank and OpenAI jointly launched the "Stargate Project," aiming to invest $500 billion in AI infrastructure construction in the United States. In December 2024, Masayoshi Son announced with then-President-elect Trump that SoftBank plans to invest $100 billion in AI and related infrastructure in the United States over the next four years. ## **A New Phase for SoftBank's AI Strategy** This loan is a microcosm of SoftBank's continued acceleration in the AI sector. Over the past few years, SoftBank's Vision Fund has experienced ups and downs, recording substantial losses on several investments. However, Son has not scaled back but instead chosen to bet more heavily on the new wave of technological innovation represented by generative AI. With the widespread adoption of ChatGPT, OpenAI has become a core player in the global generative AI field, with Microsoft also being a major shareholder. As competition in the AI field intensifies among major technology companies, SoftBank has further consolidated its strategic partnership with OpenAI through this financing, while also more closely tying its own fate to the prospects of this leading AI enterprise. ### 相關股票 - [OpenAI (OpenAI.NA)](https://longbridge.com/zh-HK/quote/OpenAI.NA.md) - [SoftBank Group Corp. 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