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Initial Public Offering
General info on CoreWeave
About the company
Name
CoreWeave
Industry
cloud-computing, artificial intelligence
Employees
Approximately 550 as of 2024
Founding year
2017
Ticker
CRWV
Filing Information
IPO file date
28.03.2025
No. of shares
Approximately 49 million shares
Price
$47 - $55
Exchange
NASDAQ
Bookrunners
Morgan Stanley/J.P.Morgan/Goldman Sachs/Barclays/Citigroup/MUFG/Deutsche Bank Securities/Jefferies/Mizuho/Wells Fargo Securities/BofA Securities
IPO Details
About CoreWeave
CoreWeave, Inc.is an American cloud-computing company based in Livingston, New Jersey, that specializes in providing cloud-based graphics processing unit (GPU) infrastructure to artificial intelligence developers. CoreWeave IPO Figures & Valuation
CoreWeave plans to raise up to $2.7B in its IPO at a $26B valuation, pricing shares between $47-$55. In 2024, it reported $1.92B in revenue but a $863.4M loss, with Microsoft contributing 62%. It secured an $11.9B OpenAI contract, with OpenAI receiving $350M in shares. Analysts raise concerns over short-term leases and revenue concentration.CoreWeaves’ Growth Strategy
CoreWeave’s growth strategy focuses on AI-driven cloud infrastructure, leveraging NVIDIA GPUs to meet rising demand. It secures long-term enterprise contracts, including an $11.9B deal with OpenAI. The company rapidly scales data canters and expands partnerships with Microsoft and AI startups. Despite strong growth, its reliance on short-term leases and a concentrated customer base presents risks.Strong Financial Performance & Growth
CoreWeave has demonstrated strong financial performance, fueled by AI-driven demand and strategic partnerships.📊 2024 Financial Highlights:
- ✔ Revenue: $1.92 billion – Up from $228.9M in 2023 📈
- ✔ Net Loss: $863.4 million – Due to rapid scaling & investments
- ✔ Key Deal: $11.9 billion contract with OpenAI 🔥
- ✔ IPO Target: Up to $2.7 billion at a $26 billion valuation
Why Consider CoreWeaves’ IPO?
CoreWeave’s IPO is a rapidly growing AI cloud provider at the heart of the tech revolution. Here’s why:- 🚀 Explosive Growth: Revenue surged from $228.9M in 2023 to $1.92B in 2024, reflecting massive demand.
- 🤝 Strategic Partnerships: Secured an $11.9B deal with OpenAI and maintains strong ties with Microsoft.
- 💡 AI Market Leader: Positioned at the forefront of AI-driven cloud computing, leveraging NVIDIA GPUs.
- 📊 IPO Potential: Targeting up to $2.7B at a $26B valuation, signaling strong investor confidence.
Interested investors should review the IPO prospectus and consult a financial advisor before making any decisions.
Past performance is not a reliable indicator of future results. Investments in IPOs carry risk and should be carefully considered.
Summary
Ticker
CRWV
Price
$47 - $55
Exchange
NASDAQ
Bookrunners
Morgan Stanley/J.P.Morgan/Goldman Sachs/Barclays/Citigroup/MUFG/Deutsche Bank Securities/Jefferies/Mizuho/Wells Fargo Securities/BofA Securities
Key Points
Get a quick overview of the essential figures for the CoreWeave IPO.
IPO file date
28.03.2025
Exchange
NASDAQ
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