CoreWeave, Inc., the AI Hyperscaler, has announced the pricing of its initial public offering (IPO) of 37,500,000 shares of Class A common stock at a price of $40.00 per share. The company will use the funds raised from the IPO to further develop and expand its cloud platform for accelerating computing.
The offering consists of 36,590,000 shares sold by CoreWeave and 910,000 shares sold by existing stockholders. The shares are expected to begin trading on the Nasdaq Global Select Market under the ticker symbol “CRWV” on March 28, 2025.
CoreWeave has granted its underwriters a 30-day option to purchase up to an additional 5,625,000 shares at the initial public offering price. The company’s technology provides enterprises and leading AI labs with cloud solutions for accelerated computing.
The IPO is being led by Morgan Stanley, J.P. Morgan, and Goldman Sachs & Co. LLC as joint lead bookrunners, alongside other participating firms such as Barclays, Citigroup, MUFG, Deutsche Bank Securities, Jefferies, Mizuho, Wells Fargo Securities, and BofA Securities.
A registration statement for the securities has been declared effective by the Securities and Exchange Commission on March 27, 2025.
Source: https://www.prnewswire.com/news-releases/coreweave-announces-pricing-of-initial-public-offering-302413879.html