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Investing.com -- CoreWeave, a cloud computing provider and a prominent startup in the artificial intelligence (AI) industry, is considering filing for an initial public offering (IPO) in the United States within the next week, Bloomberg reported, citing sources familiar with the matter.
The company aims to raise approximately $4 billion from the listing, targeting a valuation of over $35 billion. However, details of the IPO plan could still change, and the timing of the filing may be postponed, the sources added. A representative from CoreWeave has not responded to requests for comment at this time.
CoreWeave’s investors include tech giants Cisco (NASDAQ:CSCO) and Nvidia Corp . (NASDAQ:NVDA), as well as financial firms Magnetar Capital, Coatue Management, Jane Street, Fidelity Management & Research, and Lykos Global Management. The company has enlisted the services of Morgan Stanley (NYSE:MS), Goldman Sachs Group Inc (NYSE:GS)., and JPMorgan Chase & Co. (NYSE:JPM) to lead its IPO, as reported in November.
Earlier this month, CoreWeave announced the general availability of NVIDIA Blackwell in the cloud. The company is the first to launch NVIDIA GB200 NVL72-cloud based instances, which are designed to power the next era of AI reasoning.
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