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Ahead of a possible $4 billion IPO, CoreWeave’s founders already pocketed $488 million

  • CoreWeave is preparing for an IPO with an estimated valuation of $32 billion to over $4 billion.
  • The company's three co-founders have already sold off almost $488 million worth of shares prior to the IPO.
  • The co-founders will retain control of CoreWeave, despite owning less than 3% of the Class A shares, through their majority ownership of Class B shares.
  • CoreWeave, an AI-specific cloud service provider, had significant revenue growth, reaching $1.9 billion in 2024 despite being unprofitable and carrying a debt of $7.9 billion.

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