Nvidia-backed CoreWeave's shares likely to open up to 25% above IPO price

, Reuters -  10:11 AM ET 3/28/2025 default

  • Facebook.
  • Twitter.
  • LinkedIn.
  • Print

March 28 (Reuters) - CoreWeave's ( CRWV ) shares were set to open up to 25% above their offer price in the company's debut on the Nasdaq on Friday.

The Nvidia ( NVDA )-backed AI infrastructure firm's stock was indicated to trade at $50, compared with the IPO price of $40.

At the higher end, it could notch a valuation of around $29 billion on a fully diluted basis. (Reporting by Manya Saini and Niket Nishant in Bengaluru; Editing by Shounak Dasgupta)

(c) Reuters 2025. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.

  • Facebook.
  • Twitter.
  • LinkedIn.
  • Print
close
Please enter a valid e-mail address
Please enter a valid e-mail address
Important legal information about the e-mail you will be sending. By using this service, you agree to input your real e-mail address and only send it to people you know. It is a violation of law in some jurisdictions to falsely identify yourself in an e-mail. All information you provide will be used by Fidelity solely for the purpose of sending the e-mail on your behalf.The subject line of the e-mail you send will be "Fidelity.com: "

Your e-mail has been sent.
close

Your e-mail has been sent.