menu
techminis

A naukri.com initiative

google-web-stories
source image

TheNewsCrypto

3w

read

289

img
dot

Image Credit: TheNewsCrypto

CoreWeave Raises $1.5 Billion with $40 Per Share IPO Debut

  • CoreWeave, an AI cloud infrastructure company, has completed its IPO, raising $1.5 billion at a $23 billion valuation.
  • Each share was valued at $40, with a projected selling range of $47 to $55.
  • Nvidia, an investor in CoreWeave, supported the IPO with a $250 million order.
  • CoreWeave, previously a crypto mining firm, transitioned to the AI computing sector and has seen a 737% revenue spike in 2024.

Read Full Article

like

17 Likes

For uninterrupted reading, download the app