AI Cloud Hosting Firm CoreWeave Launches $2.7 Billion IPO
CoreWeave Inc. had revenue of $1.9 billion in 2024.
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CoreWeave Inc., a cloud-computing provider that’s one of the hottest startups in artificial intelligence, and some of its investors are seeking to raise as much as $2.7 billion in an initial public offering.
The Nvidia Corp.-backed company and current shareholders are marketing the shares for $47 to $55 each, according to its filing on Thursday with the US Securities and Exchange Commission. The company is selling about 47 million of the shares while existing stockholders are offering the remaining 1.8 million.