BOFA SECURITIES, INC.

BofA Securities, Inc. is a U.S. securities broker-dealer and professional-services entity within Bank of America Corporation. It operates under the BofA Securities name, which is used across Bank of America’s global corporate and investment-banking platform. The entity serves corporations, financial institutions, governments, institutional investors, private-equity firms and other sophisticated market participants rather than retail consumers. Its activities cover investment banking, capital raising, securities underwriting, mergers and acquisitions advice, sales and trading, research, securities financing and related capital-markets services. Depending on the product and jurisdiction, services may be delivered by BofA Securities, Inc. or by affiliated Bank of America entities regulated in other countries. The U.S. company is therefore best understood as one legal and regulatory component of a broader international franchise, not as a standalone universal bank. The business traces its institutional heritage to the securities, investment-banking and capital-markets operations assembled through Bank of America’s expansion and its acquisition of Merrill Lynch. Before the rebranding to BofA Securities, many of these activities were marketed globally under the Bank of America Merrill Lynch name. Bank of America subsequently adopted the BofA Securities identity for its investment-banking and markets businesses while retaining Bank of America as the corporate group brand. BofA Securities participates in public and private capital markets. Its investment-banking teams advise on equity and debt offerings, leveraged finance, restructuring and strategic transactions. Its markets businesses provide institutional execution, market-making, financing and risk-management capabilities across equities, fixed income, currencies and commodities. Research and analysis support institutional decision-making across companies, sectors and asset classes. The company is not separately listed. Its ownership and financial reporting are consolidated within Bank of America Corporation, whose common stock is publicly traded in the United States. Because BofA Securities, Inc. is a regulated legal entity rather than a separately reporting public company, standalone information about its revenue, workforce, management and balance sheet is generally disclosed only where required by regulatory filings or within Bank of America’s broader corporate reporting. The entity’s precise activities, permitted products and legal responsibilities vary by jurisdiction and are subject to securities, banking, commodities, derivatives, market-conduct, capital and anti-money-laundering rules. BofA Securities remains active as part of Bank of America’s global corporate and investment-banking franchise.

BofA Securities, Inc. is part of the institutional securities and investment-banking infrastructure of Bank of America Corporation. Its history is consequently connected to the development of Bank of America’s corporate and investment-banking operations, the integration of Merrill Lynch’s global markets franchise and the later simplification of the group’s external brand architecture. Bank of America expanded its investment-banking and capital-markets capabilities substantially through its acquisition of Merrill Lynch during the global financial crisis. The transaction brought together Bank of America’s commercial-banking and corporate-finance resources with Merrill Lynch’s established investment-banking, brokerage, research and markets businesses. In the years after the acquisition, the combined platform was commonly presented to institutional clients and the public as Bank of America Merrill Lynch. The combined operation provided a broad range of services, including strategic advice, underwriting, sales and trading, research, financing and risk-management solutions. Its legal structure included multiple regulated subsidiaries. BofA Securities, Inc. became the principal U.S. broker-dealer associated with the investment-banking and markets franchise, while affiliated entities served clients and conducted regulated activities in other jurisdictions. Bank of America later moved toward the shorter BofA Securities identity for its corporate and investment-banking activities. The change distinguished the institutional securities business from the company’s consumer-facing Bank of America franchise while retaining the broader BofA name. The rebrand did not create an independent public company; rather, it represented a change in the commercial identity used for a business operating within Bank of America Corporation. As an investment-banking legal entity, BofA Securities is subject to extensive U.S. securities regulation and to the supervisory, prudential and conduct requirements applicable to the products and activities it performs. Its operations may include underwriting, brokerage, trading, market-making, research, derivatives, securities lending, financing and advisory services. The exact scope is governed by registrations, licenses, affiliated-entity arrangements and applicable rules. The entity’s institutional role has remained tied to Bank of America’s global corporate and investment-banking strategy. It serves large corporate, institutional and government clients and operates alongside other Bank of America subsidiaries and affiliates. Public disclosures about the franchise are generally made at the Bank of America Corporation or business-segment level, so a complete standalone chronology for BofA Securities, Inc. is not available from the supplied material.

• Merrill Lynch acquisition heritage

  Bank of America’s acquisition of Merrill Lynch created the institutional platform from which the later Bank of America Merrill Lynch and BofA Securities businesses developed.

• Adoption of the BofA Securities identity

  Bank of America adopted BofA Securities as the principal external identity for its corporate and investment-banking and markets activities, replacing the more prominent Bank of America Merrill Lynch branding.

A global institutional investment-banking and markets platform operating through Bank of America’s regulated securities entities, with particular emphasis on corporate finance, capital markets, advisory, trading, research and institutional client services.

• Advisory and capital raising

  Investment Banking

  Advisory and financing services for corporations, financial institutions, sponsors and governments. Activities include mergers and acquisitions advice, strategic alternatives, equity offerings, debt offerings, leveraged finance, restructuring and other corporate-finance transactions.

• Institutional securities markets

  Global Markets

  Institutional sales, trading, market-making, financing and risk-management services across equities and fixed income, currencies and commodities. The platform supports institutional investors, corporate clients, financial institutions and other eligible market participants.

• Securities research

  Research

  Company, sector, economic and asset-class research intended primarily for institutional clients and market participants. Research supports investment analysis, capital-markets activity and client decision-making across the markets covered by the broader BofA platform.

• Financing and market infrastructure

  Securities Financing and Institutional Services

  Institutional financing and related markets services may include securities lending, prime-brokerage-related capabilities, clearing or execution support and other services delivered through the relevant Bank of America legal entities. Availability depends on client eligibility, registration and jurisdiction.

• Consolidation under the BofA Securities brandStrategy

  Background

  Bank of America had operated its global corporate and investment-banking franchise under the Bank of America Merrill Lynch identity following the Merrill Lynch acquisition.

  Action taken

  The group shifted the principal institutional-facing identity to BofA Securities while retaining Bank of America as the parent and consumer-facing group brand.

  Aftermath

  BofA Securities became the principal brand associated with Bank of America’s investment-banking, capital-markets and global-markets activities, while the underlying regulated-entity structure remained affiliated with Bank of America Corporation.

• 2026.10.19

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  BNY prices $1.25 billion preferred-stock offering[1]BNY为12.5亿美元优先股发行定价bubblear.com

  BNY announced that it priced an underwritten public offering of 1,250,000 depositary shares representing interests in its Series O preferred stock, at an aggregate public offering price of $1.25 billion. The offering is expected to close on October 28, 2026.

• 2022.03.02

  Reported2022.03.02

  Waste Connections prices $500 million senior notes offering[2]Waste Connections为5亿美元优先票据发行定价prnewswire.com

  Waste Connections announced pricing of a public offering of $500 million aggregate principal amount of 3.200% senior notes due 2032. The offering was expected to close on March 9, subject to customary closing conditions; proceeds were expected to repay part of its revolving credit facility borrowings.

• Unconfirmed

  Sonendo prices IPO[3]Sonendo为首次公开募股定价socaltech.com

  Sonendo priced its IPO, saying it would sell 7,800,000 shares of common stock at $12.00 per share for total gross proceeds of $93.6 million.

• 2021.10.06

  Reported2021.10.07

  Copperleaf prices and upsizes its initial public offering[4]Copperleaf为首次公开募股定价并扩大规模finanznachrichten.de

  Copperleaf announced the pricing of its initial public offering at $15.00 per share for total gross proceeds of $140.1 million; the offering was upsized from an initial $125 million due to excess demand.

• 2021.09.10

  Reported2021.09.10

  Banner Acquisition Corp. closes initial public offering[5]Banner Acquisition Corp. 完成首次公开募股prnewswire.com

  Banner Acquisition Corp. announced that it had closed its initial public offering of 15,000,000 units at $10.00 per unit.

• Unconfirmed

  Signature Bank announces upsized public stock offering[6]Signature Bank宣布扩大公开股票发行规模并定价itbusinessnet.com

  Signature Bank announced an upsized underwritten offering of 2,500,000 shares of common stock at $232 per share, with proceeds intended for general corporate purposes.

• 2021.07.07

  Reported2021.07.07

  Stevanato Group announces proposed IPO roadshow[7]Stevanato Group 宣布拟议首次公开募股路演计划finanznachrichten.de

  Stevanato Group announced plans to commence a roadshow for a proposed IPO of 40,000,000 ordinary shares and said it had applied to list the shares on the New York Stock Exchange.

• 2021.02.17

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  Y-mAbs Therapeutics announced pricing for a public offering of 2,439,025 common shares at $41.00 per share, with gross proceeds expected to be approximately $100 million. The offering was expected to close on February 22, subject to customary conditions.

• 2021.02.03

  Reported2021.02.04

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• 2021.02.02

  Reported2021.02.02

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  Invesco Mortgage Capital announced that it had upsized and priced a public offering of 24 million common shares at $3.83 per share, for gross proceeds of approximately $91.9 million before estimated offering expenses. The offering was expected to close on February 4, 2021.

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3. 3Sonendo为首次公开募股定价socaltech.com
4. 4Copperleaf为首次公开募股定价并扩大规模finanznachrichten.de
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6. 6Signature Bank宣布扩大公开股票发行规模并定价itbusinessnet.com
7. 7Stevanato Group 宣布拟议首次公开募股路演计划finanznachrichten.de
8. 8Y-mAbs为公开发行股票定价itbusinessnet.com
9. 9Albemarle确定公开发行股票定价prnewswire.com
10. 10Invesco Mortgage Capital为扩大后的公开股票发行定价prnewswire.com
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