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CoreWeave Aims for $2.2 Billion to $2.6 Billion IPO, But Analysts Expect Higher
Alexis Rowe
March 20, 2025
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2 min read
Cloud infrastructure startup CoreWeave has announced its initial public offering (IPO) price range, aiming to raise between $2.2 billion and $2.6 billion. The company plans to sell its initial public shares between $47 and $55 per share, according to a statement released on Wednesday.
However, industry insiders suggest that CoreWeave may be undervaluing itself. Sources close to the matter indicate that the company had initially hoped to raise at least $3 billion, and possibly as much as $4 billion. This discrepancy has led some to speculate that the announced price range is a strategic move to build excitement for the first day of trading.
It's not uncommon for companies to announce a lower price range than they expect to achieve, only to officially set a higher price later on. This tactic can create buzz among retail investors, implying that big institutions were willing to pay a premium for the stock. Whether CoreWeave will be able to surpass its initial target remains to be seen.
In recent weeks, CoreWeave has made significant strides, including signing a $12 billion customer agreement with OpenAI and adding former Hewlett-Packard CEO Meg Whitman to its board of directors. These developments have likely contributed to the company's confidence in its valuation.
CoreWeave's IPO is highly anticipated, given the company's innovative approach to cloud infrastructure and its growing customer base. As the company prepares to go public, all eyes will be on its ability to meet its funding goals and make a strong debut on the stock market.
The outcome of CoreWeave's IPO will have significant implications for the startup community, particularly in the cloud infrastructure space. A successful listing could pave the way for other startups in the sector, while a disappointing debut could raise concerns about the overall health of the market.
As the IPO process unfolds, investors and industry observers will be watching closely to see if CoreWeave can achieve its ambitious funding goals and make a lasting impact on the tech landscape.
