CoreWeave Initial Public Offering (IPO) Details: Essential Insights on Date and Share Cost

CoreWeave Initial Public Offering (IPO) Details: Essential Insights on Date and Share Cost

In a significant move for the AI cloud computing industry, CoreWeave, a company specialising in GPU-cloud infrastructure, went public on NASDAQ on March 28, 2025, under the ticker "CRWV". The IPO offered 37.5 million shares of class A shares at an initial price of $40.00 per share, aiming to raise approximately $1.5 billion in capital.

The offering process is scheduled to close by March 31, 2025. Notably, CoreWeave carries a substantial debt of about $8 billion, with plans to utilise around $1 billion of the IPO proceeds towards debt repayment.

The lead underwriters for the IPO are Morgan Stanley, JPMorgan Chase, and Goldman Sachs. CoreWeave operates data centers equipped with high-powered Nvidia GPU chips, catering to large tech firms such as Meta, IBM, and OpenAI.

The IPO has received mixed responses from experts. While some view the rapidly growing sales as a positive sign, others caution about potential high volatility, risks, and long-term sustainability concerns.

On the first day of trading, shares opened at $39 and eventually closed at $40. By mid-May 2025, CoreWeave's stock had reached 64% above the IPO price. As of July 17, 2025, the stock price is $132.21, reflecting a 7.57% decline on heavy trading volume.

The exact market capitalization is not explicitly stated in the latest search results from July 17, 2025. However, an earlier update on July 16, 2025, mentions CoreWeave with a stock price around $143.04 but does not specify the market cap explicitly.

Several investment banks have raised their price targets for CoreWeave's stock. For instance, Barclays has a price target of $100 per share in the next 12 months, while Citi has a price target of $94. CoreWeave's net loss in 2024 was $863.4 million, compared to $594 million in 2023. The company's revenue in 2024 is approximately $1.92 billion, several times higher than the $0.229 billion in 2023.

CoreWeave's business model is based on providing cloud services for AI model training and execution. The company's outstanding operating lease is $2.6 billion, and it has an outstanding debt of about $8 billion.

Investors and experts will continue to watch CoreWeave closely as it navigates its public journey, balancing growth, debt management, and long-term sustainability.

1. As they monitor CoreWeave's public journey, investors and experts will be keenly interested in the company's investment potential in data-and-cloud-computing, given its focus on GPU-cloud infrastructure and AI model training.
2. In an effort to address financial concerns, CoreWeave plans to allocate a significant portion of the IPO proceeds towards debt repayment, with around $1 billion set aside for this purpose, and also continuing to invest in modern technology for stock-market performance, such as high-powered Nvidia GPU chips used in their data centers.

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