Reported 1 day ago
CoreWeave Inc., a cloud-computing firm prominent in artificial intelligence, is initiating a $2.7 billion initial public offering (IPO) with shares priced between $47 to $55. The company hopes to attain a market value of up to $32 billion, though its IPO size is smaller than earlier expectations due to recent market volatility. In 2024, CoreWeave reported a revenue of $1.9 billion against a net loss of $863 million, heavily relying on major clients like Microsoft. The firm also has significant partnerships, including a deal with OpenAI valued at up to $11.9 billion.
Source: YAHOO