AI Cloud Firm 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.
Updated Feb 27, 2025, 2:07 p.m. UTCPublished Feb 27, 2025, 5:52 a.m. UTC
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.
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.
