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CoreWeave plans to reduce its IPO size to $1.5 billion.
Odaily News According to market news: AI startup CoreWeave plans to reduce its IPO scale to $1.5 billion, with the price lowered to $40 per share. The company is expected to announce new IPO terms later on Thursday. (Jin10) According to previous reports, the disclosed IPO documents indicate that cloud computing provider CoreWeave may go public with a valuation of $30 billion. It is reported that CoreWeave and Bitcoin mining company Core Scientific plan to invest $1.2 billion in expanding data centers in Texas, and the two parties have also reached a 12-year agreement to expand the AI data center.