CoreWeave stock rips higher
Digest more
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.
5don MSN
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’s (CRWV) initial public offering (IPO) has been a bust for the investment banks that acted as underwriters on the stock offering.
Artificial intelligence startup CoreWeave's shares closed up 42% at $52.57 on Tuesday, their third day of trading, above their initial public offering price of $40.
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.
CoreWeave rents out access to Nvidia graphics processing units to other large tech and AI companies including Meta, IBM and Cohere.
Google is in advanced talks to rent state-of-the-art Nvidia Blackwell chips for running artificial intelligence from CoreWeave, an upstart cloud provider, according to two people briefed about the situation.
CoreWeave (NASDAQ:CRWV) shares closed at $40 on Friday, flat compared to its initial public offering, after the cloud computing company raised $1.5B in its initial public offering, much less than previously anticipated.