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CoreWeave Scales Down IPO Target to $1.5 Billion
2025-03-28 /
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Author：小编
The AI infrastructure company CoreWeave has significantly scaled down its initial public offering (IPO), reducing the targeted fundraising amount from an initial estimate of approximately $30 billion to $1.5 billion. The issue price has been adjusted to $40 per share, with new terms anticipated to be announced later on Thursday. Prior to this adjustment, CoreWeave had entered into a 12-year expansion agreement with the bitcoin mining company Core Scientific for its AI data centers, planning to invest $1.2 billion in expansion projects in Texas.
This IPO adjustment underscores the financing challenges faced by AI concept stocks amid high valuations and market apprehensions regarding an investment bubble in AI computing power.
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