Fri Mar 28 11:50:00 UTC 2025: ## CoreWeave Prices IPO Shares at $40, Raising $1.5 Billion in Biggest US Tech Offering Since 2021

**NEW YORK** – Cloud computing company CoreWeave successfully priced its initial public offering (IPO) at $40 per share, raising $1.5 billion in the largest US tech offering since 2021. This marks a significant milestone for the tech sector, which has seen a slowdown in IPO activity since the start of 2022 due to economic uncertainty.

While the company initially aimed for a price between $47 and $55 per share, the final price resulted in a valuation closer to $19 billion, down from the potential $26.5 billion at the higher end of the initial range. The offering also saw a reduction in the number of shares sold, from 49 million to 37.5 million. Nvidia, a major shareholder, committed to a $250 million order at the $40 price point.

CoreWeave, which provides access to Nvidia GPUs for AI training, boasts impressive revenue growth, exceeding 700% last year to reach nearly $2 billion. However, the company also reported a net loss of $863 million, reflecting its capital-intensive business model. Its largest client is Microsoft, with other notable clients including Meta, IBM, and Cohere. Recently, CoreWeave secured a potentially lucrative five-year contract with OpenAI worth up to $11.9 billion.

The IPO is seen as a crucial test of investor sentiment towards tech startups. Other tech companies, including Hinge Health, Klarna, StubHub, and Discord, are also reportedly considering or preparing for IPOs. This activity signals a potential resurgence in the tech IPO market after a period of relative inactivity. CoreWeave’s shares are expected to begin trading on the Nasdaq on Friday under the ticker symbol CRWV.

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