CoreWeave targets $32 billion valuation in U.S. IPO, raising up to $2.7 billion

From Yahoo Finance: 2025-03-20 07:32:00

CoreWeave is aiming for a valuation of up to $32 billion in its U.S. IPO, offering 49 million shares priced between $47 and $55 each to raise up to $2.7 billion. The company has partnered with AI heavyweights like OpenAI and Nvidia, with plans to issue shares worth $350 million to OpenAI through a private placement. A successful IPO could boost investor confidence in the market, while a weak showing may raise concerns about demand for AI data centers. CoreWeave, originally a crypto miner, discontinued that business after Ethereum’s upgrade in 2022. The IPO is set to trade on Nasdaq under the ticker symbol “CRWV.”



Read more at Yahoo Finance: Nvidia-backed CoreWeave targets up to $32 billion valuation in test for AI IPOs