CoreWeave plans to reduce IPO size to $1.5 billion

Odaily Planet Daily News: According to market sources, AI startup CoreWeave plans to reduce its IPO size to $1.5 billion and lower its price to $40 per share. The company is expected to announce new IPO terms later on Thursday. (Golden Ten) Previously, according to disclosed IPO documents, cloud computing provider CoreWeave may go public with a valuation of $30 billion. It is reported that CoreWeave and Bitcoin mining company Core Scientific plan to invest $1.2 billion in Texas to expand their data centers, and the two parties have previously reached a 12 year AI data center expansion agreement.