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CoreWeave Plans to Go Public with $4 Billion IPO
Artificial intelligence (AI) firm CoreWeave is planning to file for a public listing in the United States within a week, according to a Bloomberg report.
The cloud computing firm wants to raise around $4 billion from the listing, the report said, citing people familiar with the matter. It is targeting a valuation of over $35 billion, the report added. CoreWeave was not immediately available for comment.
Recent Development: $1.2 Billion Data Centre Expansion
On Wednesday, bitcoin mining firm Core Scientific and CoreWeave said they were planning a $1.2 billion data centre expansion in Texas.
AI Firm’s IPO Follows a Series of Crypto-Related Listings
CoreWeave’s IPO plan is the latest in a series of U.S. listings by crypto-related firms, including Blockchain.com, BitGo, Gemini, and eToro.
Conclusion
CoreWeave’s planned IPO is a significant development in the rapidly growing AI and cloud computing industry. The company’s ambitious plans to raise $4 billion and target a valuation of over $35 billion demonstrate its confidence in its technology and growth potential.
FAQs
- What is CoreWeave’s planned IPO size? – $4 billion
- What is CoreWeave’s targeted valuation? – Over $35 billion
- What is the purpose of CoreWeave’s planned IPO? – To raise $4 billion and achieve a valuation of over $35 billion
- What is the recent development related to CoreWeave? – Core Scientific and CoreWeave are planning a $1.2 billion data centre expansion in Texas
- Which other crypto-related firms have listed on the U.S. market? – Blockchain.com, BitGo, Gemini, and eToro
