CoreWeave, Inc.

CoreWeave, Inc. (CRWV) priced its initial public offering on Mar 31, 2025 at $40.00 per share, below its $47.00–$55.00 range, raising $1.5B, and listed on Nasdaq. At the IPO price its market capitalization was about $37.13B. Goldman Sachs was lead-left underwriter. Fenwick & West and Whalen advised the company and Latham & Watkins advised the underwriters.

CoreWeave, Inc. runs a platform and cloud services for artificial intelligence workloads, selling directly to AI Natives and AI Enterprises and indirectly to enterprises using solutions built by AI labs. It was formed in 2017 as Atlantic Crypto Corporation LLC.

Status

IPO

Ticker

CRWV

Exchange

Nasdaq

Priced

Mar 31, 2025

IPO price

$40.00

Price range

$47.00–$55.00

Raised

$1.5B

Market cap at IPO price

$37.13B

First filed

Mar 3, 2025

Underwriters

Goldman Sachs

Company counsel

Fenwick & West and Whalen

Underwriters' counsel

Latham & Watkins

Sector

Technology

Country / state

NJ

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.