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General info on Discord
About the company
Name
Discord
Industry
Cloud Computing / Artificial Intelligence
Employees
550 (as of 2024)
Founding year
2017
Ticker
CRWV
Filing Information
IPO file date
22/03/2025
No. of shares
Approx. 49 million
Price
$47 - $55
Exchange
NASDAQ
Bookrunners
Morgan Stanley, J.P. Morgan, Goldman Sachs, Barclays, Citigroup, MUFG, Deutsche Bank, Jefferies, Mizuho, Wells Fargo, BofA
IPO Details
Who are CoreWeave
CoreWeave delivers powerful GPU-based cloud solutions for AI, machine learning, and high-performance workloads. Its tailored infrastructure supports top-tier AI platforms and fast-scaling startups, with operations headquartered in New Jersey.
Key Financials & Valuation
- IPO Raise Target: Up to $2.7 billion
- Implied Valuation: $26 billion
- 2024 Revenue: $1.92 billion (up from $228.9M in 2023)
- Net Loss (2024): $863.4 million (due to aggressive scaling and investment)
- Client Highlight: Microsoft contributed 62% of total revenue
- Flagship Deal: $11.9 billion contract with OpenAI, which also received $350 million in equity
While CoreWeave shows strong momentum, potential risks include its reliance on short-term data center leases and a concentrated customer base.
Strategic Vision
CoreWeave’s strategy is focused on rapid scaling and market dominance in AI infrastructure. Its key initiatives include:
- Scaling AI-centric cloud capacity to meet increasing global demand
- Expanding GPU deployments through deep NVIDIA integration
- Securing long-term enterprise contracts to ensure revenue stability
- Building ecosystem partnerships with major players like Microsoft and AI startupsWhy Investors Should Watch CoreWeave
More on CoreWeave
With its rapid ascent and deep involvement in the AI space, CoreWeave is positioning itself as a foundational player in next-gen cloud infrastructure.
- Explosive Growth – Revenue jumped from $228.9M in 2023 to $1.92B in 2024
- AI Infrastructure Leader – Specialized focus on serving high-performance AI workloads
- Strategic Partnerships – Includes Microsoft and OpenAI
- Strong IPO Momentum – Seeking $2.7B with top-tier underwriting support
Summary
Ticker
CRWV
Price
$47 - $55
Exchange
NASDAQ
Bookrunners
Morgan Stanley, J.P. Morgan, Goldman Sachs, Barclays, Citigroup, MUFG, Deutsche Bank, Jefferies, Mizuho, Wells Fargo, BofA
Key Points
Get a quick overview of the essential figures for the IPO.
IPO Date
March 28, 2025
Valuation
$26 billion
Exchange
NASDAQ
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