IPO - CoreWeave, Inc.
Form Type: 424B4
Filing Date: 2025-03-31
Corporate Action: Ipo
Type: New
Accession Number: 000119312525067651
Filing Summary: CoreWeave, Inc. is launching its initial public offering (IPO) of 37,500,000 shares of Class A common stock, with 36,590,000 shares being offered by the company and 910,000 shares by selling stockholders. The IPO price is set at $40.00 per share, potentially raising $1.5 billion. CoreWeave is gearing up to list on Nasdaq under the ticker 'CRWV'. This offering marks the establishment of a public market for its Class A common stock, which previously did not exist. The company outlines significant voting power concentrations among co-founders, who will collectively hold about 79.9% of the voting rights post-offering. CoreWeave identifies as an 'emerging growth company', subject to certain reduced disclosure obligations. Risks are highlighted for potential investors, and the company has initiated processes to provide shares to employees via a directed share program. Furthermore, this IPO illustrates CoreWeave’s intent to capitalize on the growing demand for AI infrastructure services which it believes will reach a substantial market size in coming years. The underwriters have also secured a 30-day option to purchase additional shares to cover over-allotments, ensuring they can meet demand. The shares are expected to be delivered to purchasers around March 31, 2025.
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Additional details:
Initial Public Offering Price: 40.00
Total Initial Public Offering Value: 1500000000
Shares Offered By Company: 36590000
Shares Offered By Selling Stockholders: 910000
Proceeds To Company: 1422619200
Proceeds To Selling Stockholders: 35380800
Underwriting Discount Per Share: 1.12
Total Underwriting Discounts And Commissions: 42000000
Co Founder Voting Power: 79.9
Nasdaq Symbol: CRWV
Form Type: S-1/A
Filing Date: 2025-03-20
Corporate Action: Ipo
Type: New
Accession Number: 000119312525058309
Filing Summary: CoreWeave, Inc. is filing its Amendment No. 2 to Form S-1 Registration Statement with the SEC on March 20, 2025, for an initial public offering (IPO) of 49,000,000 shares of Class A common stock. The offering consists of 47,178,660 shares from the company and 1,821,340 shares from selling stockholders. There is no prior public market for these shares, with expected pricing between $47.00 and $55.00 per share. The company is applying to list its shares on Nasdaq under the symbol 'CRWV.' Upon the completion of the offering, CoreWeave will have three series of authorized common stock designated as Class A, B, and C, with differing voting rights. The co-founders will retain significant voting power post-offering, influencing stockholder decisions. As an emerging growth company, CoreWeave plans to utilize reduced disclosure obligations. The document also outlines risk factors associated with investing in the company’s common stock and states that the SEC has not approved or disapproved of the offered securities.
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Additional details:
Company Name: CoreWeave, Inc.
Address: 290 W Mt. Pleasant Ave., Suite 4100, Livingston, NJ 07039
Initial Public Offering Price Range: $47.00 to $55.00
Number Of Shares Offered: 49,000,000
Number Of Class A Shares Offered By Company: 47,178,660
Number Of Class A Shares Offered By Selling Stockholders: 1,821,340
Nasdaq Symbol: CRWV
Voting Power Distribution: {"michael_intrator":"37.0%","brian_venturo":"23.2%","brannin_mcbee":"18.7%"}
Form Type: S-1/A
Filing Date: 2025-03-12
Corporate Action: Ipo
Type: New
Accession Number: 000119312525052207
Filing Summary: CoreWeave, Inc. is conducting an initial public offering (IPO) of its Class A common stock. This is the first amendment to their Form S-1 registration statement under the Securities Act of 1933, filed with the SEC. The company plans to offer shares of Class A common stock to the public, with details regarding the offering price per share pending. CoreWeave’s platform is tailored for AI applications, supporting advanced infrastructure needs and entrusted by leading AI enterprises such as IBM, Microsoft, and OpenAI. The document highlights the potential for AI-driven economic growth, projecting significant market opportunities in the AI infrastructure space. CoreWeave is positioned as a vital player in this sector, emphasizing its role in enabling faster training and inference for AI models through its proprietary technology. The registration statement is pending effective approval by the SEC, and the details regarding the total number of shares and specific pricing are not finalized yet.
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Additional details:
Company Address: 290 W Mt. Pleasant Ave., Suite 4100 Livingston, NJ 07039
Company Phone: (973) 270-9737
Ceo Name: Michael Intrator
Initial Public Offering: Yes
Listing Symbol: CRWV
Stock Type: Class A Common Stock
Total Shares: TBD
Offering Price Range: TBD
Underwriter Names: Morgan Stanley, J.P. Morgan, Goldman Sachs & Co. LLC, Barclays, Citigroup, MUFG, Deutsche Bank Securities, Jefferies, Mizuho, Wells Fargo Securities, BofA Securities, Guggenheim Securities, Needham & Company, Galaxy Digital
Form Type: S-1
Filing Date: 2025-03-03
Corporate Action: Ipo
Type: New
Accession Number: 000119312525044231
Filing Summary: CoreWeave, Inc. is filing this registration statement for its initial public offering (IPO) of Class A common stock. This offering is expected to generate significant interest as there has been no prior public market for the company's shares. The Class A common stock will be offered by CoreWeave and also by selling stockholders. The company anticipates the initial public offering price per share to range between specified amounts. Following the completion of the offering, CoreWeave's co-founders will maintain substantial voting power. The company is classified as an emerging growth company, which allows it to benefit from reduced disclosure requirements. CoreWeave Cloud Platform supports AI development and operations and is designed to meet the high-performance needs of AI workloads, aiming to capitalize on the growing economic impact of AI which is projected to reach $20 trillion by 2030. This offering and listing on Nasdaq will enable the company to leverage its position in the AI hyperscaler market.
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Additional details:
Company Name: CoreWeave, Inc.
Address: 290 W Mt. Pleasant Ave., Suite 4100, Livingston, NJ 07039
Phone Number: (973) 270-9737
Agent For Service: Michael Intrator, Chief Executive Officer
Underwriters: Morgan Stanley, J.P. Morgan, Goldman Sachs & Co. LLC, Barclays, Citigroup, MUFG Deutsche Bank Securities, Jefferies, Mizuho, Wells Fargo Securities, BofA Securities, Guggenheim Securities, Needham & Company, Galaxy Digital
Class Of Stock: Class A Common Stock
Expected Listing Exchange: Nasdaq
Offering Size: unspecified number of shares
Form Type: DRS/A
Filing Date: 2025-02-11
Corporate Action: Ipo
Type: New
Accession Number: 000095012325001587
Filing Summary: CoreWeave, Inc. is initiating its initial public offering (IPO) of Class A common stock, marking an entry into public markets with the intent to offer shares as soon as practicable after this registration statement becomes effective. The document states the company's commitment to transparency and regulatory adherence while highlighting the confidential nature of its submission to the SEC. As an emerging growth company, CoreWeave is taking advantage of reduced disclosure obligations and emphasizes the significance of its proprietary CoreWeave Cloud Platform designed for AI workloads. This anticipated offering will provide CoreWeave with the necessary capital to enhance its operations and augment its market position. The firm underscores its potential for substantial growth within the AI cloud infrastructure sector, supported by industry forecasts projecting significant economic impacts of AI by 2030. Importantly, this IPO is set against a backdrop of competition and potential dominance in a rapidly evolving technological landscape, where enhanced efficiency and performance are crucial.
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Additional details:
Registration Number: 333-______
State Of Incorporation: Delaware
Irs Employer Identification Number: 82-3060021
Address: 101 Eisenhower Parkway, Suite 106 Roseland, NJ 07068
Ceo Name: Michael Intrator
Primary Sic Code: 7372
Contact Number: (973) 270-9737
Initial Public Offering Price Range: $__ and $__ per share
Number Of Shares Offered: ____
Stock Symbol: CRWV
Underwriters: Morgan Stanley, J.P. Morgan, Goldman Sachs & Co. LLC
Effective Date Of Offering: to be determined after SEC's approval
Emerging Growth Company Status: yes
Form Type: DRS/A
Filing Date: 2025-01-22
Corporate Action: Ipo
Type: New
Accession Number: 000095012325000507
Filing Summary: CoreWeave, Inc. is conducting an initial public offering (IPO) of shares of Class A common stock, with a registration statement submitted to the SEC on January 22, 2025. The offering is designed to raise capital and there has been no prior public market for its Class A common stock. The expected IPO price per share is not finalized, and the initial listing is planned on an unspecified exchange under the symbol 'CRWV.' The company has noted that it is classified as an 'emerging growth company,' allowing for less extensive disclosure obligations. CoreWeave's platform focuses on AI infrastructure and is poised to capitalize on a market anticipated to grow significantly, with a projected spending of $399 billion on AI-related services by 2028. The company underscores its strength in managing AI-intensive workloads effectively with high performance and efficiency, while their supercomputing infrastructure provides accelerated results in training AI models. Post-offering, the Co-Founders will retain a significant voting power in the company's stock, potentially influencing future corporate decisions.
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Additional details:
Registration Statement Number: 333-82-3060021
Primary Sic Code: 7372
Address: 101 Eisenhower Parkway, Suite 106, Roseland, NJ 07068
Phone Number: (973) 270-9737
Ceo Name: Michael Intrator
Ceo Address: 101 Eisenhower Parkway, Suite 106, Roseland, NJ 07068
Ceo Phone Number: (973) 270-9737
Legal Counsel: Fenwick & West LLP
Legal Counsel Address: 902 Broadway, 18th Floor, New York, NY 10010
Legal Counsel Phone Number: (212) 430-2600
Underwriters: Morgan Stanley, J.P. Morgan, Goldman Sachs & Co. LLC
Form Type: DRS
Filing Date: 2024-12-16
Corporate Action: Ipo
Type: New
Accession Number: 000095012324012268
Filing Summary: CoreWeave, Inc. is filing a draft registration statement for its initial public offering (IPO) of Class A common stock under Form S-1. The document outlines that this is the initial offering of shares and that CoreWeave's platform powers AI applications, asserting itself as an AI Hyperscaler. The company aims to leverage its purpose-built infrastructure for AI workloads to tap into a market projected to reach $399 billion by 2028. The prospectus indicates that investments carry associated risks, and potential shareholders should review detailed sections, including risk factors and management's discussions before making investment decisions. Importantly, CoreWeave indicates it will operate as an emerging growth company, which allows for reduced disclosure obligations. The company plans to list its Class A common stock on a trading exchange under the symbol 'CRWV.'
Document Link: View Document
Additional details:
State Of Incorporation: Delaware
Irs Employer Identification Number: 82-3060021
Principal Executive Office Address: 101 Eisenhower Parkway, Suite 106 Roseland, NJ 07068
Phone Number: (973) 270-9737
Ceo Name: Michael Intrator
Ceo Address: 101 Eisenhower Parkway, Suite 106 Roseland, NJ 07068
Ceo Phone Number: (973) 270-9737
Underwriters: Morgan Stanley, J.P. Morgan, Goldman Sachs & Co. LLC
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