From Yahoo Finance: 2025-03-20 10:54:00

CoreWeave Inc. plans to raise $2.7 billion in an IPO, offering shares at $47 to $55 each. Revenue in 2024 was $1.9 billion with a net loss of $863 million. Top customers include Microsoft Corp. CoreWeave has deals with OpenAI Inc. and Weights & Biases. Led by CEO Michael Intrator, the firm was originally a crypto mining company. Cisco Systems Inc. and others have invested in CoreWeave. The IPO is being managed by Morgan Stanley, JPMorgan, and Goldman Sachs.

Read more: AI Cloud Hosting Firm CoreWeave Launches $2.7 Billion IPO