CoreWeave, an AI cloud platform, plans a 2025 IPO with a target valuation over $35 billion.

CoreWeave, an AI cloud platform based in New Jersey, plans to go public in 2025 with a valuation of over $35 billion, aiming to raise more than $3 billion. The company, which provides data center and high-performance server access, competes with giants like Microsoft and Amazon. The IPO is expected as investor interest in AI and cloud services surges following a two-year market volatility pause.

November 22, 2024
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