CoreWeave, an AI startup backed by Nvidia, plans to price its shares between US$47 and US$55 in its upcoming initial public offering (IPO).

This pricing range would value the IPO at approximately US$2.3 billion to US$2.7 billion.

In its IPO filing earlier this month, CoreWeave reported a significant revenue increase to US$1.92 billion in 2024, up from US$228.9 million the previous year.

However, the company also reported a net loss of US$863.4 million in 2024, compared to US$593.7 million in 2023.