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))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.