CoreWeave prices IPO at $40 per share, shares to trade on Nasdaq as CRWV

Offering size and structure

According to the company's announcement, the offering totals 37,500,000 shares of Class A common stock at a public offering price of $40.00 per share. Of those, 36,590,000 shares are being sold by CoreWeave itself, while 910,000 shares are being sold by existing stockholders, referred to as the Selling Stockholders.

The split matters for the company's finances: CoreWeave states that it will not receive any proceeds from shares sold by the Selling Stockholders. Only the 36,590,000 shares it sells directly will bring money to the company.

The underwriters also received a 30-day option to buy up to an additional 5,625,000 shares of Class A common stock to cover over-allotments. That option is at the initial public offering price, less underwriting discounts and commissions.

Timeline and banks involved

Trading was expected to begin on March 28, 2025. The offering was expected to close on March 31, 2025, subject to customary closing conditions. The Securities and Exchange Commission declared the registration statement for the securities effective on March 27, 2025.

A large group of banks is running the deal:

• 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, M. Klein & Company, Macquarie Capital, Needham & Company, Santander, Stifel, and Galaxy Digital Partners LLC.

The offering is made only by means of a prospectus. The release lists Morgan Stanley, J.P. Morgan and Goldman Sachs as sources from which a copy of the final prospectus can be obtained. It also notes that the announcement is not an offer to sell or a solicitation of an offer to buy the securities.

About CoreWeave and what the listing means

CoreWeave describes itself as "The Essential Cloud for AI." The company says it offers a platform of technology, tools and teams for building and scaling AI, and that it is trusted by leading AI labs, startups and global enterprises. According to the release, it was established in 2017 and completed its public listing on Nasdaq (CRWV) in March 2025.

For the market, the announcement marks the arrival of a company focused on AI cloud infrastructure as a publicly traded business. Investors can buy Class A shares on the Nasdaq Global Select Market under the CRWV ticker. The source does not give details on how CoreWeave plans to use the proceeds, so that remains unstated in the announcement.