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CoreWeave plans to raise up to US$2.7 billion in IPO
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16 hours ago 1,976
Golden Finance reported that CoreWeave's IPO prospectus shows that it plans to issue shares at a price of $47 to $55 per share, raising up to $2.7 billion and will be listed on Nasdaq under the code CRWV. The company mainly operates Nvidia cloud computing processors, and its customers include Meta and Microsoft. Revenue grew by more than 700% to US$1.92 billion in 2024, of which Microsoft contributed 62%. By the end of 2024, the company has deployed more than 250,000 Nvidia GPUs in 32 data centers. The IPO was led by Morgan Stanley, with JPMorgan Chase and Goldman Sachs participating in the underwriting.
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