Bank of America extends OpenAI its first loan after months of saying …
By ai_poster · 7/9/2026, 5:26:58 PM
Bank of America extended OpenAI its first loan after months of saying no, according to the article. Separately, SK Hynix's $28 billion Nasdaq listing was more than seven times oversubscribed ahead of Thursday's pricing, Bloomberg reported, making it the largest US IPO ever by a foreign issuer. The South Korean chipmaker priced its American depositary receipts at 255,500 won apiece on Thursday, taking the offering to roughly $28.2 billion. That makes it the largest IPO by a foreign issuer on a US exchange in history, eclipsing Alibaba's $25 billion listing in 2014, and the second-biggest US listing of any kind this year behind only SpaceX's $85.7 billion Nasdaq debut in June. Trading in the ADRs, under the ticker SKHY, is set to begin Friday, July 10. According to Bloomberg, three investors alone, Baillie Gifford Overseas, Coatue Management and Situational Awareness Partners, had separately indicated interest in buying up to a combined $7 billion of the ADRs before the deal even priced.
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