CoreWeave Aims for $2.7 Billion IPO, Highlighting AI Cloud Computing Boom
21 Sources
[1]
AI Cloud Firm CoreWeave Seeking IPO of About $2.5 Billion
CoreWeave Inc., a cloud-computing provider that's one of the hottest startups in artificial intelligence, and some of its investors are seeking to raise about $2.5 billion at the midpoint of a marketed range in an initial public offering, according to people familiar with the matter. The Nvidia
[2]
AI-Cloud Firm CoreWeave Seeks $2.7 Billion in Dialed Back IPO
CoreWeave Inc., a cloud-computing provider that's one of the hottest startups in artificial intelligence, and some of its investors are seeking to raise about $2.7 billion in an initial public offering. The Nvidia Corp.-backed company and current shareholders are marketing the shares for $47 to
[3]
Exclusive: CoreWeave to ask for $47 to $55 per share in IPO, sources say
NEW YORK, March 19 (Reuters) - CoreWeave, the artificial intelligence startup backed by Nvidia (NVDA.O), opens new tab, is planning to ask investors to pay $47 to $55 for each of its shares when it begins marketing its initial public offering this week, people familiar with the matter said on
[4]
CoreWeave looks to raise up to $2.7bn in IPO
Data centre operator CoreWeave will seek to raise as much as $2.7bn in a US initial public offering that is expected to be the largest tech listing of the year, according to people close to the matter. The New Jersey-based start-up would kick off a roadshow with investors to generate interest for
[5]
Nvidia-backed CoreWeave aims to raise up to $2.7 billion in US IPO
March 20 (Reuters) - Nvidia-backed CoreWeave is aiming to raise as much as $2.7 billion in its U.S. initial public offering, a regulatory filing by the AI startup showed on Thursday. The artificial intelligence-focused cloud services provider and some of its investors are looking to sell 49
[6]
CoreWeave tests investor risk appetite with $7.5bn in looming debt repayments
CoreWeave is facing nearly $7.5bn in debt repayments by the end of next year, requiring investors in its blockbuster public listing to take a leap of faith in the cloud computing group's ability to grow fast enough to settle the looming obligations. The US company, which leases computing capacity
[7]
CoreWeave to ask for $47 to $55 per share in IPO: Reuters sources
CoreWeave, the artificial intelligence startup backed by Nvidia , is planning to ask investors to pay $47 to $55 for each of its shares when it begins marketing its initial public offering this week, people familiar with the matter said on Wednesday. The price range, which has not been previously
[8]
CoreWeave aims to raise up to $2.7 billion in IPO
After filing its initial prospectus earlier this month, CoreWeave updated the document with an expected pricing range of $47 to $55 per share. The company said it plans to sell 49,000 shares in the offering, including some from existing investors. Based on the number of Class A and Class B shares
[9]
The concern with CoreWeave's 250,000 Nvidia chips ahead of its IPO
With 250,000 highly-desired Nvidia graphics processors, CoreWeave has become one of the most prominent "GPU clouds," a status it hopes investors will value when it debuts on the public markets. But the world of artificial intelligence hardware is moving so quickly that it raises questions about
[10]
$25 billion AI startup is a red hot property but blogger that predicted the rise of DeepSeek thinks it could be the next WeWork
Now he's targeting CoreWeave, calling it a turkey and the "WeWork of AI" Towards the end of January 2025, Jeffrey Emanuel, Founder and CEO of Pastel Network, wrote an interesting and insightful essay about Nvidia. More specifically, he discussed what he saw as its overvaluation and the threat it
[11]
AI cloud operator CoreWeave files for $2.7B IPO - SiliconANGLE
CoreWeave Inc., the operator of a cloud platform optimized for artificial intelligence workloads, today filed to go public. The company plans to sell 49 million shares for between $47 and $55 apiece. On the high end of the range, the initial public offering would value CoreWeave at $26 billion.
[12]
Microsoft bails on $12B CoreWeave deal as OpenAI steps in
Microsoft opted not to pursue a nearly $12 billion option to acquire additional data-center capacity from CoreWeave, signaling a shift in how large tech firms are adjusting their AI investments. OpenAI secured the contract last week, emphasizing the growing demand for AI resources. CoreWeave is
[13]
Nvidia-backed CoreWeave targets up to $32 billion valuation in test for AI IPOs
Meanwhile, ahead of the IPO, CoreWeave had tied up with some of the biggest AI heavyweights, including Sam Altman's OpenAI. Last week, the company signed an $11.9 billion infrastructure contract with the ChatGPT maker. Nvidia currently owns 5.96% of CoreWeave's Class A shares, which is expected to
[14]
Nvidia-Backed AI Startup CoreWeave Sets IPO At $2.7B; OpenAI Will Get $350M In Stock
From OpenAI receiving $350 million worth of stock to CoreWeave's expected $26 billion market valuation, here's what to know about CoreWeave's upcoming initial public offering. The Nvidia-backed GPU and AI infrastructure provider is marketing its shares for between $47 per share to $55 per share,
[15]
Meet This Under-the-Radar AI IPO Stock Growing Its Revenue 737% | The Motley Fool
The company is currently benefiting from the AI boom. Will its success continue? Is the market for initial public offerings (IPOs) finally coming out of its slumber? Spurred on by the growth of artificial intelligence (AI), it just might be. Since the 2021 popping of the bubble for hypergrowth
[16]
Considering Investing in the CoreWeave IPO? Here's a Different Nvidia-Backed Data Center Stock You Might Want to Check Out Instead. | The Motley Fool
So far this year, the Nasdaq Composite dropped by about 8%. Broad sell-offs in mega-cap artificial intelligence (AI) stocks are some of the biggest drags on the market. Despite these murky conditions, one AI unicorn has its eyes set on an initial public offering (IPO). CoreWeave, a start-up backed
[17]
This Nvidia-Backed Artificial Intelligence (AI) Unicorn Is About to Go Public. Here Are 2 Reasons I Won't Be Investing. | The Motley Fool
Data center start-up CoreWeave is going public soon in a deal worth approximately $2.5 billion. For many people, investing in the stock market is the most effective way to build wealth. Unless you're an accredited investor, accessing opportunities in private companies is rare. That said, every now
[18]
Should You Invest in the CoreWeave IPO? History Offers a Clear Answer. | The Motley Fool
CoreWeave's IPO could set the stage for the next chapter of the artificial intelligence (AI) revolution. During the last two years, artificial intelligence (AI) has emerged as a generational megatrend rarely witnessed in the capital markets. While the S&P 500 posted total returns of 26% and 25%
[19]
CoreWeave Scales Back IPO to $2.7 Billion | PYMNTS.com
With Nvidia's blessing and OpenAI as a key customer, artificial intelligence (AI) startup and cloud computing provider CoreWeave is seeking to raise approximately $2.7 billion in an initial public offering (IPO). According to a Bloomberg report Thursday (March 20), shares of the Nvidia-backed
[20]
Nvidia-backed CoreWeave targets $26 billion valuation in AI IPO test
March 20 (Reuters) - CoreWeave said on Thursday it was targeting a valuation of up to $26 billion in its U.S. initial public offering, as the Nvidia-backed startup bets on strong demand for generative artificial intelligence. The AI boom, which has powered super-sized gains for chipmakers such as
[21]
Nvidia-backed CoreWeave aims to raise up to $2.7 billion in US IPO
(Reuters) - Nvidia-backed CoreWeave is aiming to raise as much as $2.7 billion in its U.S. initial public offering, a regulatory filing by the AI startup showed on Thursday. The artificial intelligence-focused cloud services provider and some of its investors are looking to sell 49 million shares
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CoreWeave, an AI-focused cloud computing provider backed by Nvidia, is seeking to raise up to $2.7 billion in its initial public offering, showcasing the growing interest in AI infrastructure companies.
CoreWeave's IPO Plans Unveiled
CoreWeave Inc., a leading AI-focused cloud computing provider, has announced its plans to go public in what could be one of the largest tech IPOs of the year. The company, backed by GPU giant Nvidia, aims to raise up to $2.7 billion by offering 49 million shares priced between $47 and $55 each
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.From Cryptocurrency to AI Powerhouse
Founded in 2017 as a cryptocurrency mining operation, CoreWeave pivoted to artificial intelligence two years later
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. This strategic shift has propelled the company to become a major player in the AI infrastructure space, boasting an impressive array of over 250,000 Nvidia GPUs – the coveted chips powering today's AI models4
.Impressive Growth and Key Partnerships
CoreWeave's rapid ascent is evident in its financial figures. The company reported a staggering revenue increase from $16 million in 2022 to $1.9 billion in 2024
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. This growth has been fueled by partnerships with tech giants, including Microsoft, OpenAI, Meta, and IBM4
.OpenAI Deal and Future Prospects
A significant boost to CoreWeave's prospects is its recent five-year, $11.9 billion contract with OpenAI
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. This deal not only secures a substantial revenue stream but also grants OpenAI a stake in the company through a $350 million private placement of shares concurrent with the IPO5
.Market Challenges and Investor Sentiment
Despite CoreWeave's impressive growth, the IPO comes at a time of market uncertainty. Recent volatility in the stock market, driven by concerns over President Trump's tariff policies and recession fears, may impact investor appetite
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. Additionally, the AI sector has seen some cooling of enthusiasm following reports of Microsoft reducing data-center leases and the emergence of low-cost AI models from competitors like China's DeepSeek5
.Related Stories
Financial Position and Debt
While CoreWeave's revenue growth is remarkable, the company has also incurred significant losses, reporting a net loss of $863 million in 2024
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. The company's expansion has been largely financed through debt, with $12.9 billion raised in debt financing over the past two years4
.Ownership and Control
CoreWeave's founders, Mike Intrator, Brian Venturo, and Brannin McBee, along with other executives, collectively own about 30% of the company but control over 80% of the voting rights
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. Major investors include Magnetar Capital, Blackstone, Nvidia, and Fidelity4
.IPO Details and Market Listing
The company plans to list on the Nasdaq under the ticker symbol "CRWV"
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. The IPO is being underwritten by a consortium of major investment banks, including Morgan Stanley, J.P. Morgan, and Goldman Sachs5
.As CoreWeave prepares to enter the public market, its IPO will serve as a litmus test for investor confidence in AI infrastructure companies and the broader tech IPO landscape in 2025.
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