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CoreWeave IPO Priced Below Range; Verdon Develops Thermodynamic AI Chips
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CoreWeave downsized IPO, priced shares below range.
On March 28, 2025, it was reported that CoreWeave reduced the size of its U.S. initial public offering (IPO) and priced its shares below the indicated range on March 27, 2025. CoreWeave, backed by Nvidia, downsized its US IPO to 37.5 million shares at $40 each, raising approximately $1.5 billion and valuing the company at roughly $23 billion. Nvidia will anchor the IPO with a $250 million order, and OpenAI will make a private placement of $350 million in shares.
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