CoreWeave said Wednesday it hopes to sell its first public shares between $47 and $55 per share, and it hopes to place the gold between about $2.2 billion and $2.6 billion.
The word on the street is that CoreWeave wanted at least $3 billion, perhaps more than $4 billion.
But price range announcements are always a bit of a game. The scope announced is often lower than bankers think the company really can get. The company then officially sets a high price. Doing that will help build excitement on the first day of the transaction, telling retail investors that they want to pay more as large institutions are more interested.
So we need to wait to see if CoreWeave can surpass $3 billion. Since its release and release, the company has signed a $12 billion customer agreement with Openai and added Meg Whitman to its board.