Be ready for the CoreWeave IPO
CoreWeave, an AI cloud platform, plans a U.S. IPO in 2025, targeting a valuation over $35 billion. Start your analysis today with Daloopa.
Daloopa provides all the publicly disclosed data -including guidance, debt, KPIs, segmental and geographical breakdowns – in one datasheet and shares updates within minutes of release.
Be one step ahead of the rest.
CoreWeave IPO Schedule
Filing Date
CoreWeave has not yet publicly filed its IPO registration statement but is reportedly planning to file in the first half of 2025. As of December 2024, there were reports that the company was preparing to confidentially file its S-1 prospectus.
Roadshow Dates
Specific dates for CoreWeave’s IPO roadshow have not been publicly disclosed. Typically, such roadshows occur in the weeks leading up to the IPO to attract potential investors.
Pricing Date
The final IPO price is expected to be determined shortly before the listing date, following the completion of the roadshow and investor consultations.
Listing Date
CoreWeave plans to list its shares on a U.S. stock exchange in the second quarter of 2025, targeting a valuation exceeding $35 billion.
Closing Date
The IPO offering period is anticipated to close shortly after the listing date, once all allotted shares have been sold and transactions settled.
Additional Information
Underwriters
CoreWeave has selected major financial institutions to lead its IPO, including Morgan Stanley, Goldman Sachs, and JPMorgan Chase.
Use of Proceeds
While specific allocations have not been publicly detailed, it is expected that the funds raised from the IPO will be utilized to expand data center infrastructure, invest in advanced GPU technology, support research and development initiatives, and pursue strategic acquisitions.
Major Shareholders
Key stakeholders in CoreWeave include Michael Intrator, Brian Venturo, Brannin McBee, NVIDIA Corporation, Coatue Management, and Cisco Systems.
Valuation
CoreWeave’s valuation has increased:
- May 2024: Valued at $19 billion following a $1.1 billion Series C funding round.
- November 2024: Valuation increased to $23 billion after a $650 million secondary share sale.
- 2025 IPO Target: Aiming for a valuation exceeding $35 billion at the time of the public offering
Oversubscription
Information regarding potential oversubscription of CoreWeave’s IPO will become available closer to the offering date, based on investor demand during the roadshow.
CoreWeave Valuation & Financials
Valuation Metrics
Pre-IPO Valuation
As of November 2024, CoreWeave’s valuation stands at approximately $23 billion, following its latest funding round.
Price-to-Earnings (P/E) Ratio
Specific P/E ratio information is not available, as CoreWeave remains a privately held company.
Enterprise Value
The enterprise value is estimated to be around $23 billion, aligning with the company’s latest valuation.
Financial Statements
Revenue
While exact figures are not publicly disclosed, CoreWeave has experienced significant revenue growth, driven by increased demand for AI-optimized cloud services.
Net Income
Specific net income figures are not available. The company has been reinvesting earnings into infrastructure expansion and technological advancements.
Cash Flow and EBITDA
Detailed information on cash flow and EBITDA is not publicly available.
CoreWeave IPO Prospectus
Link to SEC Filings
As CoreWeave has not yet filed for an IPO, there are no SEC filings available at this time.
Summary of Prospectus Key Points
Key details will be provided upon the public release of an official prospectus, expected in the first quarter of 2025.
CoreWeave Market Cap
CoreWeave’s market capitalization is currently estimated at $23 billion, based on private market valuations.
CoreWeave Stock Price
As a privately held company, CoreWeave does not have a publicly traded stock price.
Interested in other companies?
Create a free account to get access to five more free models for free.
About Daloopa
We believe that AI technology can improve clarity and efficiency for investors and financial markets.
Daloopa was formed in 2019, inspired by our founders’ personal experience at Point72, a NYC- based/short equiy hedge. Accurate data is central to all investment decisions and can influence speed and confidence for decision-makers. We believe that institutional finance has an opportunity to embrace tech-driven accuracy and speed.
