CoreWeave Eyes $4B IPO, Could File for U.S. Listing in a Week: Bloomberg

Artificial intelligence (AI) firm CoreWeave is planning to file for a public listing in the U.S. within a week, according to a Bloomberg report.

The cloud computing firm wants to raise around $4 billion from the listing, the report said, citing people familiar with the matter. It is targeting a valuation of over $35 billion, the report added. CoreWeave was not immediately available for comment.

On Wednesday, bitcoin mining firm Core Scientific and CoreWeave said they were planning a $1.2 billion data centre expansion in Texas.

CoreWeave’s IPO plan is the latest in a series of U.S. listings by crypto-related firms, including Blockchain.com, BitGo, Gemini and eToro.