CoreWeave has set an initial public share price range of $47 to $55 per share, potentially raising between $2.2 billion and $2.6 billion in the process. This lower-than-expected range may be a strategic move to generate excitement for its first day of trading. The company is aiming higher, with some reports suggesting it sought to raise as much as $4 billion.
Notably, CoreWeave has secured significant partnerships, including a $12 billion customer agreement with OpenAI and the addition of Meg Whitman to its board of directors. These deals underscore the company’s growing influence in the industry. As the IPO unfolds, investors will be watching closely to see if CoreWeave can exceed its initial target of at least $3 billion.
Source: https://techcrunch.com/2025/03/20/coreweave-prices-its-ipo-to-raise-at-least-2-2-billion-and-now-the-games-begin