AI startup CoreWeave reportedly received oversubscription on its first day of IPO
According to sources familiar with the matter, CoreWeave, an artificial intelligence startup supported by Nvidia (NVDA. O), is expected to inform potential investors that its initial public offering (IPO) has received subscriptions for all available shares. This issuance may raise up to $2.7 billion at the top of the issuance price range. According to informed sources, the transaction is expected to be priced next Thursday and begin trading the next day, which means the trading process is still in a very early stage. This news is expected to be released as early as Friday. This cloud computing provider is one of the hottest startups in the field of artificial intelligence, and its filing with the US Securities and Exchange Commission shows a price range of $47 to $55. The company and some of its supporters will offer 49 million shares in this transaction. (Golden Ten Data APP)