CoreWeave Picks Morgan Stanley, Goldman, JPMorgan for IPO
- AI startup’s backers include Nvidia, Cisco and Coatue
- CoreWeave was valued at $23 billion in October transaction
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CoreWeave, a cloud-computing provider that’s one of the hottest startups in artificial intelligence, has selected Morgan Stanley, Goldman Sachs Group Inc. and JPMorgan Chase & Co. to lead its planned initial public offering, according to people familiar with the matter.
The company is planning to go public next year, the people said, asking not to be identified because the information is private.