Reported 1 day ago
CoreWeave, a startup backed by Nvidia, is looking to achieve a valuation of up to $32 billion in its upcoming U.S. IPO as demand for generative AI surges. With plans to issue 49 million shares priced between $47 and $55, the offering could raise up to $2.7 billion. This IPO is seen as critical to revitalizing the U.S. IPO market and gauging investor interest in AI and data center operations, especially after signing a substantial contract with OpenAI. A successful debut could enhance confidence in the IPO market, while a weak performance might raise concerns about the robustness of investor interest.
Source: YAHOO