CoreWeave Announces Pricing of Initial Public Offering

CoreWeave, Inc. ("CoreWeave"), the AI Hyperscaler™, announced today the pricing of its initial public offering of 37,500,000 shares of its Class A common stock at a public offering price of $40.00 per share. The offering consists of 36,590,000 shares of Class A common stock to be sold by CoreWeave and 910,000 shares of Class A common stock to be sold by existing stockholders (the "Selling Stockholders"). CoreWeave will not receive any proceeds from the sale of shares of Class A common stock by the Selling Stockholders.

The shares are expected to begin trading on the Nasdaq Global Select Market on March 28, 2025 under the ticker symbol "CRWV." The offering is expected to close on March 31, 2025, subject to the satisfaction of customary closing conditions.

In addition, CoreWeave has granted the underwriters a 30-day option to purchase up to an additional 5,625,000 shares of Class A common stock to cover over-allotments at the initial public offering price, less underwriting discounts and commissions.

Morgan Stanley , J.P. Morgan, and Goldman Sachs & Co (NYSE:GS). LLC are acting as joint lead bookrunners for the offering. Barclays (LON:BARC), Citigroup (NYSE:C), MUFG, Deutsche Bank (ETR:DBKGn) Securities, Jefferies, Mizuho (NYSE:MFG), Wells Fargo (NYSE:WFC) Securities, and BofA Securities are acting as joint bookrunners for the offering. Guggenheim Securities, M. Klein & Company, Macquarie Capital, Needham & Company, Santander (BME:SAN), Stifel, and Galaxy Digital (TSX:GLXY) Partners LLC are acting as co-managers for the offering.

A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on March 27, 2025. The offering is being made only by means of a prospectus. A copy of the final prospectus may be obtained, when available, from: Morgan Stanley & Co (NYSE:MS). LLC, Attn: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014; or J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions (NYSE:BR), 1155 Long Island Avenue, Edgewood, NY 11717 or email: prospectus-eq_fi@jpmchase.com; or Goldman Sachs & Co. LLC, Attn: Prospectus Department, 200 West Street, New York, NY 10282 or by emailing prospectus-ny@ny.email.gs.com.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.