Nvidia-backed CoreWeave's shares likely to open up to 25% above IPO price

Reuters
03-28
Nvidia-backed CoreWeave's shares likely to open up to 25% above IPO price

March 28 (Reuters) - CoreWeave's CRWV.O shares were set to open up to 25% above their offer price in the company's debut on the Nasdaq on Friday.

The Nvidia-backed AI infrastructure firm's stock was indicated to trade at $50, compared with the IPO price of $40.

At the higher end, it could notch a valuation of around $29 billion on a fully diluted basis.

(Reporting by Manya Saini and Niket Nishant in Bengaluru; Editing by Shounak Dasgupta)

((Manya.Saini@thomsonreuters.com; X: manya__saini))

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