CoreWeave plans to reduce IPO size to $1.5 billion

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MarsBit
03-27
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Mars Finance News: According to market sources, AI startup CoreWeave plans to reduce its IPO scale to $1.5 billion, with the price lowered to $40 per share, and is expected to announce new IPO terms late Thursday. (Jinshi) Previously, according to disclosed IPO documents, cloud computing provider CoreWeave may go public with a valuation of $30 billion. It is reported that CoreWeave and Bitcoin mining company Core Scientific plan to invest $1.2 billion in expanding data centers in Texas, and the two parties have previously reached a 12-year AI data center expansion agreement.

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