Financial news reports and IPO rankings

CoreWeave Targets Over $35 Billion Valuation in 2025 US IPO, Plans to Raise Over $3 Billion After $23 Billion Valuation

Nov 23, 2024, 12:15 AM

CoreWeave is preparing for a significant initial public offering (IPO) in the United States, targeting a valuation exceeding $35 billion in 2025. The company, which was recently valued at $23 billion in a secondary sale, aims to raise more than $3 billion through this IPO, which is expected to occur in the second quarter of 2025. This ambitious move reflects CoreWeave's rapid growth and strategic positioning within the technology sector, particularly amid the ongoing boom in artificial intelligence. The IPO could represent one of the largest in the AI space for 2025, signaling a substantial opportunity for its investors, including notable venture capitalists and private equity firms.