US EditionCoreWeave valued at $23 billion in muted Nasdaq debut
- CoreWeave's initial public offering is priced at $40 a share, below its expected range of $47 to $55, according to reports.
- CoreWeave is impacted by the rising obsolescence of its Hopper-based Nvidia GPUs, as highlighted in its IPO filing.
- CoreWeave's revenue primarily relies on Microsoft, which generated 62% of its revenue in 2024, and has reduced spending in AI infrastructure, impacting CoreWeave's market position.
- Despite raising approximately $1.46 billion from the IPO, CoreWeave faces challenges due to heavy expenses and dependence on a limited number of clients, including Microsoft.
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CoreWeave valued at $23 bil. in muted Nasdaq debut
CoreWeave's shares closed flat after opening nearly 3 percent below their offer price in its Nasdaq debut Friday, giving the Nvidia-backed AI infrastructure firm a valuation of $23 billion on a fully diluted basis.
·Korea, Republic of
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Nvidia-backed cloud firm CoreWeave to raise $1.5B in IPO
WASHINGTON, United States — US cloud services provider CoreWeave said it priced its initial public offering at $40 per share, allowing it to raise $1.5 billion — in an announcement a day before it starts trading in New York. The company, which was founded in 2017, uses artificial intelligence chip giant Nvidia’s graphic processing units
·Manila, Philippines
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