Nvidia to anchor CoreWeave IPO at $40 a share, source says
Published on: 2025-05-27 10:53:09
Nvidia is aiming to anchor CoreWeave's initial public offering at $40 a share with a $250 million order, according to a person familiar with the matter.
The company initially filed the offering at $47 to $55 per share. The source told CNBC's Leslie Picker that CoreWeave is not planning on downsizing or refiling at this time.
CoreWeave did not immediately respond to CNBC's request for comment.
Nvidia is already a significant customer of CoreWeave, which rents out remote access to computers based on Nvidia's AI chips. The tech giant, which also owns about 6% of the company, declined to comment on the order.
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