CoreWeave Completes $1.5 Billion IPO at $40 Per Share Valuation 🚀
CoreWeave successfully raised $1.5 billion in its initial public offering (IPO), with shares priced at $40 each. This IPO saw the company reducing its offering from an initial 49 million shares to 37.5 million shares.
Nvidia has placed a significant order worth $250 million, thereby strengthening its stake in the AI cloud firm. This move positions CoreWeave with a valuation of approximately $23 billion on a fully diluted basis.
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