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Initial Public Offering
General info on Reddit

About the company

Name

Reddit

Industry

Cloud Computing / Artificial Intelligence

Employees

550 (as of 2024)

Founding year

2017

Ticker

CRWV

Filing Information

IPO file date

26/03/2025

No. of shares

Approx. 49 million

Price

$47 - $55

Exchange

NASDAQ

Bookrunners

Morgan Stanley, J.P. Morgan, Goldman Sachs, Barclays, Citigroup, MUFG, Deutsche Bank, Jefferies, Mizuho, Wells Fargo, BofA

IPO Details

Who are CoreWeave

CoreWeave delivers powerful GPU-based cloud solutions for AI, machine learning, and high-performance workloads. Its tailored infrastructure supports top-tier AI platforms and fast-scaling startups, with operations headquartered in New Jersey. 

 

Key Financials & Valuation

  • IPO Raise Target: Up to $2.7 billion
  • Implied Valuation: $26 billion
  • 2024 Revenue: $1.92 billion (up from $228.9M in 2023)
  • Net Loss (2024): $863.4 million (due to aggressive scaling and investment)
  • Client Highlight: Microsoft contributed 62% of total revenue
  • Flagship Deal: $11.9 billion contract with OpenAI, which also received $350 million in equity

While CoreWeave shows strong momentum, potential risks include its reliance on short-term data center leases and a concentrated customer base. 

 

Strategic Vision

CoreWeave’s strategy is focused on rapid scaling and market dominance in AI infrastructure. Its key initiatives include:

  • Scaling AI-centric cloud capacity to meet increasing global demand
  • Expanding GPU deployments through deep NVIDIA integration
  • Securing long-term enterprise contracts to ensure revenue stability 
  • Building ecosystem partnerships with major players like Microsoft and AI startupsWhy Investors Should Watch CoreWeave

 

More on CoreWeave

With its rapid ascent and deep involvement in the AI space, CoreWeave is positioning itself as a foundational player in next-gen cloud infrastructure. 

  • Explosive Growth – Revenue jumped from $228.9M in 2023 to $1.92B in 2024
  • AI Infrastructure Leader – Specialized focus on serving high-performance AI workloads
  • Strategic Partnerships – Includes Microsoft and OpenAI
  • Strong IPO Momentum – Seeking $2.7B with top-tier underwriting support

 

Summary

Ticker

CRWV

Price

$47 - $55

Exchange

NASDAQ

Bookrunners

Morgan Stanley, J.P. Morgan, Goldman Sachs, Barclays, Citigroup, MUFG, Deutsche Bank, Jefferies, Mizuho, Wells Fargo, BofA

Key Points
Get a quick overview of the essential figures for the IPO.

IPO Date

March 28, 2025

Valuation

$26 billion

Exchange

NASDAQ

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