CoreWeave, supported by nvidia, aims to achieve a valuation of over $35 billion in next year's ipos - Reuters
According to a report by Reuters, it was reported by sources on Friday that CoreWeave is aiming to raise over 3 billion dollars in an IPO, which could take place in the second quarter.
The company, based in Roseland, New Jersey, announced last month that it has added a credit line of $600.50 million to enhance financial flexibility. Prior to securing the credit line, CoreWeave had raised $12.7 billion in funding through equity and debt in the past 12 months, including a $7.5 billion funding round from debt in May. The company has also raised a $2.3 billion debt backed by Nvidia's artificial intelligence chips in August 2023.Investors last August. CoreWeave had previously announced plans to go public next year. with multiple investors for 2.3 billion dollars in debt backed by Nvidia's artificial intelligence chips.to be supported bydebt of 2.3 billion dollars.
their shares next year.Had stated plans to do so. In the May fundraising round, The company's valuation reached 19 billion dollars.
The company, based in Roseland, New Jersey, announced last month that it has added a credit line of $600.50 million to enhance financial flexibility. Prior to securing the credit line, CoreWeave had raised $12.7 billion in funding through equity and debt in the past 12 months, including a $7.5 billion funding round from debt in May. The company has also raised a $2.3 billion debt backed by Nvidia's artificial intelligence chips in August 2023.Investors last August. CoreWeave had previously announced plans to go public next year. with multiple investors for 2.3 billion dollars in debt backed by Nvidia's artificial intelligence chips.to be supported bydebt of 2.3 billion dollars.
their shares next year.Had stated plans to do so. In the May fundraising round, The company's valuation reached 19 billion dollars.
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