Expert Chaslau Koniukh
  • Companies
  • Global investment
  • Investors
  • Terminology
  • Economy
  • Stock Market
  • World exchanges
  • Tech and Marketing
CoreWeave
Stock Market

CoreWeave has filed for an IPO on the Nasdaq Stock Exchange

28.04.2025
2 min read

CoreWeave’s IPO could be a boost to the market

Startup CoreWeave is planning to go public. The company, which specialises in cloud computing and artificial intelligence, has filed for an IPO on the Nasdaq stock exchange. Analysts say the listing could be a good sign for the market. Venture-backed companies have traditionally been slow to go public, but that could change.
New Jersey-based CoreWeave provides GPU rental services via cloud infrastructure.
The company provided the following financials:
1. It had revenues of US$1.9m in 2024.
2. This was an increase of 730% over the previous period.
3. Net loss increased to US$863m. This figure has almost doubled since 2023.
4. Quarterly revenues increased rapidly in 2024. The company recorded a maximum of US$747m in the fourth quarter.
The startup’s biggest customer was Microsoft Corporation. It accounted for 62% of the company’s total revenue last year.CoreWeave IPO

About the company

The startup CoreWeave was founded in 2017 as a cryptocurrency mining project. However, in 2021, the managers revised their business vision. At that time, the boom in the development of artificial intelligence started, which required appropriate technical equipment. The startup began to anticipate demand, and this tactic yielded the desired result. Demand for GPUs is growing rapidly.
One of the holders of CoreWeave shares is the hedge fund Magnetar, which owns 7% of the securities. Nvidia holds a 1% stake which is the largest supplier of processors.
The partnership with Nvidia has made the startup very popular. Currently, the company uses more than 250 thousand processors from the manufacturer. They run in CoreWeave’s data centres.
The new US policy is limiting the company’s ability to scale. The imposition of tariffs on imported goods and increased inspections of chips are making it difficult for the technology sector to operate. Most semiconductor manufacturers, including Nvidia, outsource chip production to TSMC. The new rules could make it much harder to supply graphics processors.

Startup outlook

According to the latest estimates, the startup is valued at US$19 billion. The company reached this level in the spring of 2024 when it raised US$1.1 billion. Investors in the service provider industry include Cisco, Fidelity, Coatue Management, and others.
It is worth noting that 2024 was a period of demand for cloud computing. Venture capital funding for the sector has increased by 270%. In addition to CoreWeave, Lambda, which is also backed by Nvidia, is demonstrating rapid development. The company raised US$480 million in a Series D round of funding. In December, another startup, Crusoe, received a US$600 million investment.

Tags: Stock Market
0
Previous Post Government set to boost India’s consumption growth Next Post US business verification will now become much easier

You Might Also Like

Braveheart Investment Group acquired shares in Autins
Stock Market
Braveheart Investment Group has increased its stake in Autins
28.06.2024
gold export from Russia
Stock Market
Export of gold from Russia has increased since the beginning of the year
19.12.2020
Flipkart
Stock Market
Retail chain Walmart has acquired a stake in India’s Flipkart
19.12.2023
world markets
Stock Market
The world markets are under attack: an overview of the situation
12.09.2022
SPAC companies
Stock Market
SPAC-companies may appear in Russia by the end of 2022
04.03.2022
Sequoia Financial
Stock Market
Valeas acquires minority stake in Sequoia Financial Group
11.01.2023

Popular Posts

  • Skolkovo analysts: the Russian energy market is suffering losses
  • Ingeborg Mootz: a woman who became a stock player at the age of 75
  • Analysts: Egypt’s economy to continue falling in 2023
  • Businessman Chuck Feeney: the man who gave the world Duty Free

Editor's Picks

Chaslau Koniukh
Analytics

American bankers from JPMorgan and Goldman Sachs advise to invest in gold: review by Chaslau Koniukh.

Press Secretary
17.08.2020
Expert Chaslau Koniukh
Analytics

Chaslau Koniukh on the analysts’ opinion on the key stake size change soon

Press Secretary
18.06.2020
expert Chaslau Koniukh
Analytics

Chaslau Koniukh: Internet trade market in Russia may reach 2.78 trillion rubles.

Press Secretary
30.05.2020
Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh
Analytics

Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh

Press Secretary
16.05.2020

Popular Posts

  • Skolkovo analysts: the Russian energy market is suffering losses
  • Ingeborg Mootz: a woman who became a stock player at the age of 75
  • Analysts: Egypt’s economy to continue falling in 2023
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
Expert Chaslau Koniukh
  • Facebook
  • Twitter
  • Instagram

© 2024 CHASLAU KONIUKH. ALL RIGHTS RESERVED. Expert in marketing and project management, international investments, financial analyst.

Menu

  • Biography
  • Companies and corporations
  • Global investment
  • Investors and Entrepreneurs
  • Economy
  • Market terminology
  • Stock Market
  • World exchanges
  • Tech and Marketing
  • Analytics