Exclusive-CoreWeave targets valuation of over $35 billion in 2025 US IPO, sources say

Quick Summary:

NEW YORK : Artificial intelligence cloud platform CoreWeave, is aiming for a valuation of more than $35 billion in its U.S.initial public offering that is expected to occur next year, people familiar with the matter told Reuters on Friday.

Bloomberg reported in November that CoreWeave had tapped investment banks for its IPO preparations.

It competes against larger cloud computing service providers such as tech giant Microsoft's Azure and Amazon's AWS.

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Category: EconomyBusiness

Markets: SingaporeIsrael

Topics: Billion Market Reuters Sale Share Data Coreweave Company Cloud Year Capital

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-23 @ 06:02:00 (6 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 390 words

Reading Time: 3 minutes read

Sentences: 16 lines

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Copyright Owner: © Channel News Asia

News ID: 23772977

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