CoreWeave
November 24, 2024
CoreWeave Unicorn News - November 24, 2024
CoreWeave is preparing for a 2025 US IPO, aiming for a $35 billion valuation. This follows a $650 million secondary share sale, valuing the company at $23 billion. The company has engaged investment banks to assist with IPO preparations, marking a strategic expansion effort.
() Introduction
() CoreWeave Plans for 2025 US IPO with $35 Billion Valuation
CoreWeave is preparing for a 2025 US IPO, aiming for a $35 billion valuation. This follows a $650 million secondary share sale, which valued the company at $23 billion. The company has engaged top-tier investment banks, including Goldman Sachs and JPMorgan Chase, to assist with IPO preparations. CoreWeave’s move aligns with its rapid expansion in the AI infrastructure market, driven by growing demand for cloud-based GPU services. The company recently announced plans to open a new data center in Texas, bolstering its capacity to support AI workloads for clients like OpenAI, Anthropic, and Stability AI. The IPO is expected to fuel further growth as CoreWeave positions itself as a key competitor to traditional cloud giants like AWS, Google Cloud, and Microsoft Azure.
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