Friday, 28 March, 2025

CoreWeave's Downsized IPO Raises $1.5 Billion Amid Market Volatility

CoreWeave, a U.S. cloud services provider specializing in AI workloads, priced its initial public offering at $40 per share, raising $1.5 billion. This pricing falls below the initial range of $47 to $55 per share. The company also reduced its share offering from 49 million to 37.5 million, resulting in a valuation of approximately $19 billion. Major backers include Nvidia and Microsoft, with Nvidia reportedly planning a $250 million investment in the IPO.