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CoreWeave Eyes $4B IPO, Could File for U.S. Listing Within a Week: Bloomberg
The AI firm is targeting a valuation of over $35 billion, according to the report.
What to know:
- The cloud computing firm is planning to raise around $4 billion at a valuation of over $35 billion.
- CoreWeave and Core Scientific planned a $1.2 billion data centre expansion in Texas.
Artificial intelligence (AI) firm CoreWeave is planning to file for a public listing in the U.S. 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.
STORY CONTINUES BELOW
On Wednesday, bitcoin mining firm Core Scientific and CoreWeave said they were planning a $1.2 billion data centre expansion in Texas.
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.
Parikshit Mishra
Parikshit Mishra is CoinDesk's Regional Head of Asia, managing the editorial team in the region. Before joining CoinDesk, he was the EMEA Editor at Acuris (Mergermarket), where he dealt with copies related to private equity and the startup ecosystem. He has also worked as an Senior Analyst for CRISIL, covering the European markets and global economies. His most notable tenure was with Reuters, where he worked as a correspondent and an editor for various teams. He does not have any crypto holdings.
