The year’s biggest AI float just became an IPOuroboros (www.ft.com)

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Archive: https://archive.is/2025.03.27-152833/https://www.ft.com/content/daaf2a6a-27a9-46cd-b325-6ed497648f17

CoreWeave is planning to slash the size of its initial public offering and bring in Nvidia as an anchor investor, another sign of wavering investor demand for artificial intelligence infrastructure on Wall Street.

The cloud computing provider will formally set the price of its shares later on Thursday and is expecting to pare back its offering to around $1.5bn, according to people close to the matter.

CoreWeave had initially targeted raising $4bn and dropped that figure to $2.7bn when it began a roadshow to generate interest for its shares last week.

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this post was submitted on 27 Mar 2025

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