CoreWeave IPO
Tradingprice, listing and company profile
IPO price$40.00Price range: $47.00 – $55.00
Deal size$1.5B37,500,000 shares
Valuation$23BIPO valuation
- IPO filing
- Roadshow
- Pricing
- First trade
- Quiet period
- Lockup
Performance since IPO
Confirmed share price history
No published trading history yet
IPO recap
Confirmed offering terms
CoreWeave filed IPO documents on Mar 3, 2025. Confirmed offering terms are shown below.
FiledMar 3
PricingMar 27
First tradeMar 28
Lockup ends—
The short version
CoreWeave has traded publicly since 2025-03-28. This profile covers the final price, share count, proceeds, business model, operating context and key risks.
Key takeaway 1
CoreWeave priced 37.5 million shares at $40, below the prior $47–$55 range, and began Nasdaq trading on 28 March 2025.
Key takeaway 2
The model is built around GPU-heavy AI cloud infrastructure and long-lived data-center assets.
Key takeaway 3
The IPO raised capital but did not remove execution, financing or customer-concentration risk.
Company in detail
What happened at the IPO
CoreWeave priced its initial public offering at $40.00 per share and began trading on 2025-03-28 on the Nasdaq under CRWV. The final price, base share count and gross size are the confirmed transaction terms; they are separate from later market performance.
The deal included 37,500,000 base shares and an over-allotment option for 5,625,000 additional shares. The deal issued new Class A shares; CoreWeave also disclosed strategic customer and financing relationships around the IPO period.
Company and products
CoreWeave is Specialized cloud infrastructure provider built around accelerated compute. Its core offering includes GPU compute, AI model training and inference, storage, networking and managed cloud capacity.
Demand is tied to AI workloads, data-center buildout, GPU supply and a small number of large customers. The company’s route to scale therefore depends on both product demand and the operating discipline needed to serve that demand.
Capital, ownership and use of proceeds
The registration materials described the capital structure and the distinction between new shares and shares sold by existing holders. Data-center expansion, GPUs, infrastructure, working capital and general corporate purposes.
The headline gross offering value is not the same as cash retained by the issuer. Underwriting discounts, offering expenses, selling-stockholder proceeds and any concurrent securities must be read separately in the final prospectus.
Financial and operating lens
FY2024 revenue: $1.92B. Revenue disclosed in the first post-IPO quarterly filing for the year ended 31 December 2024.
The public-market analysis should connect this operating measure to revenue quality, cash conversion, customer or user retention and the cost of expanding the platform. IPO proceeds can extend the runway, but they do not remove execution risk.
Why this IPO matters
CoreWeave priced below its marketed range, making the IPO a live test of AI infrastructure demand, leverage and customer concentration.
The main questions after the first trade are whether the company can deliver on its stated growth plan, preserve service quality and turn the IPO story into durable public-company results.
- Backlog quality, utilization, capex and cash generation are more important than headline AI demand alone.
Operating metrics
FY2024 revenue
$1.92BRevenue disclosed in the first post-IPO quarterly filing for the year ended 31 December 2024.
Dec 31, 2024Company profile
- Founded
- 2017
- Legal name
- CoreWeave, Inc.
- Listing
- Nasdaq · CRWV
- Headquarters
- Roseland, New Jersey, United States
- Business
- Specialized cloud infrastructure provider built around accelerated compute.
- Products
- GPU compute, AI model training and inference, storage, networking and managed cloud capacity.
- IPO structure
- The deal issued new Class A shares; CoreWeave also disclosed strategic customer and financing relationships around the IPO period.
- Use of proceeds
- Data-center expansion, GPUs, infrastructure, working capital and general corporate purposes.
- First trade
- 2025-03-28
- Employees
- No published figure
Timeline
- Public registration filed
CoreWeave moved from private preparation into a public registration process. Filing terms were preliminary and subject to later pricing.
- IPO priced
CoreWeave announced a final price of $40.00 per share for the base offering.
- First trading day
The shares began trading on Nasdaq under CRWV.
- Closing confirmed
The issuer confirmed completion of the offering and the final capital-market structure.
FY2024 revenue
$1.92BRevenue disclosed in the first post-IPO quarterly filing for the year ended 31 December 2024.
Base shares offered
37,500,000Base deal size at the final price; the over-allotment option is shown separately.
Final IPO price
$40.00per shareFinal public offering price announced on 2025-03-27; this is the offer price, not a current market quote.
Employees
—No published figure
Net income
-$863MFY2024
Operating cash flow
—No published figure
Revenue
Reported financial periods · USD
$1.9BFY2024
FY2024
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Financial figures by period
| Period | Revenue | As of |
|---|---|---|
| FY2024 | $1,920,000,000.00 | Mar 31, 2025 |
Net income
Reported financial periods · USD
-$863MFY2024
FY2024
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Financial figures by period
| Period | Net income | As of |
|---|---|---|
| FY2024 | -$863,000,000.00 | Mar 31, 2025 |
Valuation & peers
Price-to-sales, revenue growth and gross margin
Comparable metrics unavailableComparable company figures for the same date are not available.
Revenue growth (%)
| Company | P/S | Growth | GM |
|---|---|---|---|
| CoreWeave | — | — | — |
| No published peer comparison | |||
Context: Private financing valuations and modeled market values do not establish an IPO valuation. Revenue run-rate is not used here to calculate a price-to-sales ratio.
Private valuation and funding details
Final IPO price
$40.00 per shareFinal public offering price announced on 2025-03-27; this is the offer price, not a current market quote.
Base shares offered
37,500,000Base deal size at the final price; the over-allotment option is shown separately.
Gross base offering
$1.50BGross base offering value calculated from the disclosed base share count and IPO price; it is not net proceeds.
IpoHub score
How we score—Not rated
Balance sheet—
Growth—
Community—
Profitability—
Valuation—
Individual category scores are not available.
Where the money goes
$1.5BIPO raise
Use of proceeds—
Allocation percentages—
Net proceeds—
See the reported use of IPO proceeds below.
Reported use of proceeds
- use
- Data-center expansion, GPUs, infrastructure, working capital and general corporate purposes.
- structure
- The deal issued new Class A shares; CoreWeave also disclosed strategic customer and financing relationships around the IPO period.
Key risks
Editorial analysisCustomer concentration
A handful of AI customers can determine utilization and revenue visibility.
Capital intensity
GPU and data-center investment require large upfront commitments and financing.
Technology cycles
GPU availability, depreciation and performance can change quickly.
Leverage and cash burn
Rapid growth can consume cash before contracts mature into durable free cash flow.
Final deal terms
- Ticker
- CRWV
- Exchange
- Nasdaq
- IPO valuation
- $23B
- IPO price
- $40.00
- Price range
- $47.00 – $55.00
- Pricing date
- Mar 27, 2025
- First trading day
- Mar 28, 2025
- Shares offered
- 37,500,000
- Deal size
- $1.5B
- Underwriters
- Not confirmed
- Greenshoe shares
- 5,625,000
- Lockup
- Not confirmed
- Quiet period expirations
- Not confirmed
CoreWeave IPO: where and how to invest
Where can I invest in the CoreWeave IPO?
CoreWeave shares have a confirmed trading start on Nasdaq under the ticker CRWV. You can buy through a broker that supports that market and makes the shares available to your account. Check the venue, fees and current quote; the market price can differ from the original IPO offer price.
Can I buy CoreWeave shares now?
CoreWeave's public trading start is confirmed. Whether you can buy the stock in your account depends on your broker's market access and account rules. A stock-market order buys at available market prices; it is not an IPO allocation at the original offering price.
When is the CoreWeave IPO?
CoreWeave's confirmed first trading day was Mar 28, 2025. The offering was priced on Mar 27, 2025.
What is the CoreWeave IPO share price?
CoreWeave's confirmed IPO offer price is $40.00 per share. This is the offering price, not a live stock-market quote.
What is CoreWeave's stock ticker and exchange?
The ticker recorded in this profile is CRWV. The exchange recorded here is Nasdaq.
Can I buy CoreWeave shares before the IPO?
The CoreWeave offering tracked here already has a confirmed trading start. Buying on the stock market now is therefore not a pre-IPO investment. Check the current quote and available share class with your broker.
Where can I find the CoreWeave IPO prospectus?
Check CoreWeave's official investor-relations announcements and publications from the relevant regulator and exchange. A confidential submission or an announcement about it is not a publicly available prospectus. Before subscribing, read the final prospectus for the risks, price, share class and offering terms.
More questions about the CoreWeave IPO
What does CoreWeave provide?
It provides GPU-accelerated cloud infrastructure for AI training, inference and related workloads.
What was the IPO price?
CoreWeave priced 37.5 million shares at $40 per share.
Why was the price notable?
It came below the previously marketed range, highlighting the valuation sensitivity of AI infrastructure.
What should investors track?
Backlog conversion, customer concentration, GPU utilization, capex, debt and free cash flow.
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