- Nvidia is aiming to anchor CoreWeave’s initial public offering at $40 a share with a $250 million order, according to a person familiar with the matter.
- Nvidia is already a significant customer of CoreWeave, which rents out remote access to computers based on Nvidia’s AI chips.
- CoreWeave’s anticipated offering has come as a welcome sign for the IPO market.
Nvidia is aiming to anchor CoreWeave’s initial public offering at $40 a share with a $250 million order, according to a person familiar with the matter.
The company initially filed the offering at $47 to $55 per share. The source told CNBC’s Leslie Picker that CoreWeave has not made a final decision on downsizing but conversations have happened with investors about a smaller deal. The company is slated to go public Friday.
CoreWeave did not immediately respond to CNBC’s request for comment.
Nvidia is already a significant customer of CoreWeave, which rents out remote access to computers based on Nvidia’s artificial intelligence chips. The tech giant, which also owns about 6% of the company, declined to comment on the order.
Source: https://www.cnbc.com/2025/03/27/nvidia-to-anchor-coreweave-ipo-at-40-a-share-source-says.html