CoreWeave Files for IPO and Plans Nasdaq Listing as CRWV
CoreWeave, which calls itself the AI Hyperscaler, has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission for a proposed initial public offering of its Class A common stock. The company has applied to list the shares on the Nasdaq Global Select Market under the ticker symbol "CRWV."
- CoreWeave filed a Form S-1 with the SEC for a proposed IPO of Class A common stock.
- The company applied to list on the Nasdaq Global Select Market under the ticker "CRWV."
- Share count and price range had not yet been determined.
- Morgan Stanley, J.P. Morgan and Goldman Sachs & Co. LLC are joint lead bookrunners.
- The registration statement had not yet become effective, so no securities could be sold.
What CoreWeave filed
According to the press release dated March 3, 2025, CoreWeave submitted the S-1 to the SEC in connection with a proposed IPO of Class A common stock. The company, based in Livingston, N.J., said that the number of shares to be offered and the price range have not yet been determined.
The registration statement has been filed but has not yet become effective. CoreWeave stated that the securities may not be sold, and offers to buy may not be accepted, before it becomes effective. The release itself is not an offer to sell or a solicitation of an offer to buy the securities.
The banks behind the offering
CoreWeave named a large syndicate of underwriters for the proposed offering, split into three tiers:
- Joint lead bookrunners: Morgan Stanley, J.P. Morgan and Goldman Sachs & Co. LLC.
- Joint bookrunners: Barclays, Citigroup, MUFG, Deutsche Bank Securities, Jefferies, Mizuho, Wells Fargo Securities and BofA Securities.
- Co-managers: Guggenheim Securities, Needham & Company and Galaxy Digital Partners LLC.
The offering will be made only by means of a prospectus. Copies of the preliminary prospectus, once available, can be requested from Morgan Stanley, J.P. Morgan Securities or Goldman Sachs, whose postal addresses and contact details are listed in the release.
How CoreWeave describes itself
In its company boilerplate, CoreWeave calls itself "The Essential Cloud for AI." It says it delivers a platform of technology, tools and teams that lets innovators build and scale AI with confidence. According to the company, it is trusted by leading AI labs, startups and global enterprises, and combines infrastructure performance with deep technical expertise. CoreWeave was established in 2017.
The page carrying the release also includes a later line in the boilerplate stating that CoreWeave completed its public listing on Nasdaq (CRWV) in March 2025. That sentence appears to have been added after the original announcement, which described the IPO only as proposed.
What it means
The filing is the formal first step toward CoreWeave becoming a publicly traded company. Because the share count and price range were not yet set at the time of the release, investors had no pricing terms to evaluate. The size of the underwriting group shows that a broad set of major banks was lined up for the deal. The source gives no financial figures, so details on the company's business and finances would have to come from the S-1 and the preliminary prospectus.
