CoreWeave plans to raise up to $2.7 billion in IPO

avatar
Blockbeats
a day ago
This article is machine translated
Show original
On March 21, according to a CNBC report, 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 list on the Nasdaq under the ticker "CRWV". The company's main business is Nvidia cloud computing processors, with customers including Meta and Microsoft. Revenue growth is expected to exceed 700% to $1.92 billion by 2024, with Microsoft contributing 62%. By the end of 2024, the company will have deployed over 250,000 Nvidia GPUs across 32 data centers. This IPO is led by Morgan Stanley, with JPMorgan Chase and Goldman Sachs participating as underwriters.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Followin logo