CoreWeave plans to raise up to $2.7 billion through IPO

BlockBeats news, on March 21st, according to CNBC, CoreWeave's IPO prospectus shows plans to issue shares at a price of $47 to $55 per share, raise up to $2.7 billion, and list on NASDAQ under the code "CRWV". The company specializes in Nvidia cloud computing processors, with clients including Meta and Microsoft. In 2024, revenue growth exceeded 700% to $1.92 billion, with Microsoft contributing 62%. By the end of 2024, the company has deployed over 250000 Nvidia GPUs in 32 data centers. This IPO is led by Morgan Stanley, with participation from JPMorgan Chase and Goldman Sachs in underwriting.