CoreWeave stock rips higher
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CoreWeave’s bumpy takeoff as well as market volatility are deterring startups from going public. Still, some investors continue to warm hopes for a rebound this year.
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With a $23B valuation, CoreWeave becomes one of 2025’s most-watched IPOs. Today is the initial public offering for one of the most anticipated stock market listings of the year. It’s the day when shares in AI infrastructure company CoreWeave,
Artificial intelligence-focused firm CoreWeave raised $1.5 billion for its initial public offering (IPO), valuing the company at roughly $23 billion, Bloomberg reported on Thursday night, confirming earlier reports that it had downsized its IPO.
CoreWeave rents out access to Nvidia graphics processing units to other large tech and AI companies including Meta, IBM and Cohere.
CoreWeave’s (CRWV) initial public offering (IPO) has been a bust for the investment banks that acted as underwriters on the stock offering.
CoreWeave, Inc. ("CoreWeave"), the AI Hyperscalerâ„¢, announced today the pricing of its initial public offering of 37,500,000 shares of its Class A common stock at a public offering price of $40.00 per share.
Wall Street was optimistic that President Trump term would be more favorable for technology stocks, but the sector has gotten off to a rough start to the year.
CoreWeave (NASDAQ:CRWV) shares fell 2.5% and opened at $39 on Friday after the cloud computing company raised $1.5B in its initial public offering. Read for more.