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, ensuring recurring revenue. 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


With exponential growth and a dominant position in AI cloud infrastructure, CoreWeave is poised for long-term expansion. 🚀




Why Consider CoreWeaves’ IPO?
CoreWeave’s IPO presents a unique option to invest in a rapidly growing AI cloud provider at the heart of the tech revolution. Here’s why you should consider it:

  • 🚀 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.


With its rapid expansion and dominance in AI cloud infrastructure, CoreWeave offers significant potential for investors.

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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