Market Chatter: Nvidia-backed CoreWeave to Ask for up to $55 Per Share in IPO

MT Newswires Live03-20

Nvidia-backed (NVDA) CoreWeave plans to ask investors to pay $47 to $55 per share when the artificial intelligence startup starts marketing its initial public offering this week, Reuters reported, citing people familiar with the matter.

The price range would translate into an offering of between $2.3 billion and $2.7 billion for CoreWeave, the unnamed sources told the news agency.

Subject to investor demand, the firm could increase the range before the IPO prices, according to the report.

CoreWeave didn't immediately respond to Reuters' requests for comment.

Nvidia and CoreWeave did not immediately reply to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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