CoreWeave Plans $4 Billion IPO with an Eye on U.S. Listing Soon
Business/Finance/Tech

CoreWeave Plans $4 Billion IPO with an Eye on U.S. Listing Soon

CoreWeave, an AI technology firm, aims to file for a U.S. IPO seeking a valuation exceeding $35 billion.

CoreWeave, the artificial intelligence (AI) firm, is preparing to submit its documents for a public listing in the U.S. within the next week, as reported by Bloomberg. The company intends to raise approximately $4 billion from this IPO, aiming for a valuation of over $35 billion.

In a related development, CoreWeave and its partner, Core Scientific, are working on a $1.2 billion data center expansion in Texas. This IPO plan is part of a broader trend where several crypto-related companies are pursuing public listings, including Blockchain.com, BitGo, Gemini, and eToro.

Key Details:

  • Target IPO Amount: Approx. $4 billion
  • Expected Valuation: Over $35 billion

Read the full article to stay updated on this developing story.

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