CoreWeave, Inc. (“CoreWeave”), theAI Hyperscaler™,announced todaythe pricing ofitsinitialpublic offeringof37,500,000 shares of itsClass Acommonstock at a public offering price of $40.00 per share.The offering consists of 36,590,000shares of Class A common stock to be sold by CoreWeave and 910,000 shares of Class A common stock to be sold by existing stockholders(the”SellingStockholders”). CoreWeave will not receive any proceeds from the sale of shares of Class A common stock by the Selling Stockholders.
The shares are expected to begin trading on the NasdaqGlobalSelectMarket on March 28, 2025under thetickersymbol “CRWV.” The offering is expected to close on March 31, 2025, subject to the satisfaction of customary closing conditions.
Inaddition, CoreWeave has granted theunderwritersa30-day optiontopurchaseuptoanadditional5,625,000 sharesofClassAcommonstock to cover over-allotments at the initial public offering price, less underwriting discounts and commissions.
Morgan Stanley, J.P. Morgan, and Goldman Sachs & Co. LLC are acting as joint lead bookrunners for the offering. Barclays, Citigroup, MUFG, Deutsche Bank Securities, Jefferies, Mizuho, Wells Fargo Securities, and BofA Securities are acting as joint bookrunners for the offering. Guggenheim Securities, M. Klein & Company, Macquarie Capital, Needham & Company, Santander, Stifel, and Galaxy Digital Partners LLC are acting as co-managers for the offering.
A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on March 27, 2025. The offering is being made only by means of a prospectus. A copy of the final prospectus may be obtained, when available, from: Morgan Stanley & Co. LLC, Attn: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014; or J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or email:prospectus-eq_fi@jpmchase.com; or Goldman Sachs & Co. LLC, Attn: Prospectus Department, 200 West Street, New York, NY 10282 or by emailingprospectus-ny@ny.email.gs.com.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
AboutCoreWeave, Inc.
CoreWeave, the AI Hyperscaler™, delivers a cloud platform of cutting-edge software powering the next wave of AI. The company's technology provides enterprises and leading AI labs with cloud solutions for accelerated computing. Since 2017, CoreWeave has operated a growing footprint of data centers across the US and Europe.
Media Contact:
Colleen Hsia, press@coreweave.com
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SOURCE CoreWeave
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