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CoreWeave's IPO Set to Raise $2.7 Billion

3/19/2025

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Summary

Story summary

CoreWeave aims to price its IPO between $47 and $55 per share, targeting $2.3 to $2.7 billion in funds.
Backed by Nvidia, the company specializes in AI data center services and plans to list on Nasdaq as "CRWV" by the end of March.
For 2024, CoreWeave reported $1.92 billion in revenue but incurred a net loss of $863.4 million.
This IPO is anticipated to be the largest tech debut of the year, alongside Klarna's offering.

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Story summary

CoreWeave aims to price its IPO between $47 and $55 per share, targeting $2.3 to $2.7 billion in funds.
Backed by Nvidia, the company specializes in AI data center services and plans to list on Nasdaq as "CRWV" by the end of March.
For 2024, CoreWeave reported $1.92 billion in revenue but incurred a net loss of $863.4 million.
This IPO is anticipated to be the largest tech debut of the year, alongside Klarna's offering.