CoreWeave is planning an IPO to raise up to $2.7 billion

BlockBeats News, March 21st, according to CNBC, CoreWeave's IPO prospectus shows that the company plans to issue shares at a price of $47 to $55 per share, raising up to $2.7 billion, and will be listed on Nasdaq under the symbol "CRWV". The company's main business is Nvidia cloud computing processors, with customers including Meta and Microsoft. Revenue is expected to grow by over 700% to $1.92 billion in 2024, with Microsoft contributing 62%. By the end of 2024, the company will have deployed over 250,000 Nvidia GPUs in 32 data centers. This IPO is led by Morgan Stanley, with JPMorgan and Goldman Sachs participating in the underwriting.