From Yahoo Finance: 2025-03-20 20:07:00

CoreWeave Inc. is expected to announce that its IPO has received orders for all available shares, raising up to $2.7 billion. The cloud-computing provider, backed by Nvidia Corp., is one of the hottest AI startups. The IPO is oversubscribed after early mutual fund support and one-on-one conversions.

The offering, with a price range of $47 to $55 per share, is set to be priced next Thursday and begin trading the following day. CoreWeave and its backers are offering 49 million shares in the deal. The IPO is being led by Morgan Stanley, JPMorgan Chase & Co., and Goldman Sachs Group Inc., among others.

CoreWeave’s shares are expected to trade on the Nasdaq under the symbol CRWV. The company’s IPO has generated significant interest from investors, with early indications pointing towards a successful offering. The messaging regarding the oversubscription of the IPO is set to be distributed soon, indicating strong demand for the company’s shares.

Read more: CoreWeave IPO Is Said to Be Oversubscribed After First Day