CoreWeave, the Nvidia-backed AI startup, filed an updated regulatory document on March 20, 2025, indicating its aim to raise as much as $2.7 billion in its U.S. initial public offering. The company plans to sell 49 million shares, including some from existing investors.
Based on the number of Class A and Class B shares outstanding after the offering, this deal would value CoreWeave at up to $26.5 billion at the top of its expected price range. The capital raised is intended to support the company's rapid expansion in the AI cloud computing market.
This substantial equity raise is critical for CoreWeave to fund its aggressive capital expenditures and meet the accelerating demand for its specialized AI infrastructure. The IPO represents a significant financing event for the company's future trajectory.
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