From StockTwits: 2025-03-24 03:16:00

CoreWeave, an AI hyperscaler based in Livingston, New Jersey, has launched its IPO roadshow and plans to raise up to $2.7 billion. The company filed a preliminary prospectus with the SEC earlier this month and expects to price its IPO between $47 and $55 per share. CoreWeave intends to offer 49 million shares, with net proceeds of $2.3 billion. The company reported revenue of $1.9 billion for the financial year ended Dec. 31, 2024, and operates 32 data centers with a contracted power capacity of 1.5 gigawatts. The IPO is oversubscribed and trading is expected to begin soon.



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