CoreWeave Selects Morgan Stanley, Goldman Sachs, and JPMorgan for Planned IPO Next Year

Nov 5, 2024, 03:09 AM

CoreWeave, a cloud-computing provider that’s one of the hottest startups in AI, has selected Morgan Stanley, Goldman Sachs, and JPMorgan to lead its planned IPO. The company is planning to go public next year. This move comes as CoreWeave continues to attract significant investments, with Blackstone, Pimco, Carlyle, BlackRock, and others having loaned over $11 billion to CoreWeave and other 'neocloud' companies like Crusoe. The selection of three investment banks to lead the IPO is notable and suggests high demand for CoreWeave's shares, as reported by Financial Times.