CoreWeave is an AI cloud computing company backed by several major investors, including NVIDIA. It was founded in 2017 and serves institutional AI and machine learning projects by running high-performance Nvidia GPU-based data centers. CoreWeave is now going to go public and be listed on NASDAQ. Information related to the upcoming CoreWeave IPO date and time, CoreWeave IPO price, CoreWeave stock price, etc., is being given in this article.
What is the CoreWeave IPO?
CoreWeave’s IPO (Initial Public Offering) is a major new listing event in which the company is offering a total of 37.5 million shares of its class A shares to the public. CoreWeave has set an initial price of $40.00 per share in its IPO, from which the company hopes to raise about $1.5 billion in capital. In this offering, CoreWeave itself is selling 36.59 million shares, and 9.10 lakh shares will be sold by investors (selling stockholders). The lead underwriters (a coalition of about 18 banks) include Morgan Stanley, JPMorgan Chase, and Goldman Sachs. CoreWeave’s IPO is expected to be one of the biggest AI-infrastructure IPOs, as its technology is specialized for cloud-based workloads, and companies like Meta, OpenAI, and IBM are its customers, while NVIDIA itself holds a 6% stake.
CoreWeave IPO Date and Time
The date for the CoreWeave IPO is March 28, 2025. On the same day, CoreWeave shares will be available for trading on the NASDAQ Global Select Market (ticker “CRWV”). This will happen on March 28, 2025, at the NASDAQ opening in the morning as per US time, which will be around 7:00 pm IST in India. The company’s news states that the offer closing process will be completed by March 31, 2025. Investors are particularly focused on the CoreWeave IPO date and time, as it is a high-profile listing in the AI space.
CoreWeave IPO Price and Stock Price
The initial proposed price of the CoreWeave IPO was reported to be $47-$55 per share, but it was eventually settled at $40 per share. With this pricing, the company expects to raise a total of about $1.5 billion on 37.5 million shares. Shares opened at $39 on the first day of trading and eventually closed at $40. The market then rose, and CoreWeave’s stock rose well above the IPO price. By mid-May 2025, it had reached 64% above the IPO price.
In early June 2025, CoreWeave’s stock was trading above $148, bringing its market capitalization to nearly $60 billion. Several investment banks have raised their price targets for CoreWeave’s stock—for example, Barclays has set a price target of $100 per share in the next 12 months, while Citi has raised its price target from $43 to $94. Thus, despite CoreWeave’s IPO price being set at $40, its demand in the market and the share price have been rising.
The company’s business model and financial position
CoreWeave’s business model is based on GPU-cloud infrastructure. The company operates data centers equipped with high-powered Nvidia GPU chips and provides cloud services for AI model training and execution. This model complements large cloud providers such as Microsoft Azure and Amazon AWS. CoreWeave’s main customers are large tech firms such as Meta, IBM, and OpenAI.
From a financial perspective, CoreWeave’s earnings are growing rapidly. According to its S-1 document, the company’s revenue in 2024 is approximately $1.92 billion, which is several times higher than the $0.229 billion in 2023. However, this expansion has also led to a rise in financial losses—its net loss in 2024 was $863.4 million, compared to $594 million in 2023. In addition, CoreWeave has a total debt of about $8 billion, of which about $1 billion of the IPO proceeds will be used to repay the debt. The company also has an outstanding operating lease of $2.6 billion, as it leases its 32 data centers and some equipment. Overall, CoreWeave’s business model is focused on the fast-growing AI market, and its financials tell the story of this growth.
Market Experts’ Opinions and Recommendations for Investors
Experts believe that the CoreWeave IPO has mixed signals. Bill Smith of Renaissance Capital commented that the IPO did not go as well as expected due to the large debt and unclear moat. Similarly, Kamran Ansari of Kapital Ventures warned that the company’s rapid growth does not seem balanced and there are questions about long-term sustainability. D.A. Davidson analyst Gil Luria also warned that large cloud providers (hyperscalers) are currently taking CoreWeave’s excess capacity, but once they develop their own infrastructure, CoreWeave demand may be affected.
On the other hand, some analysts see CoreWeave’s rapidly growing sales as a positive. Several brokers have set high share targets for it (targets were at $50–80 in May), and targets as high as $100 are also being discussed. Experts recommend that investors understand the high volatility and risks of the CoreWeave IPO before getting involved; if you invest, do so in small amounts and with a long-term perspective.
