CoreWeave completes IPO at $40 per share, raising $1.5 billion and valuing at $23 billion

According to CoinDesk, CoreWeave, a cloud service company focused on artificial intelligence, has successfully completed its initial public offering (IPO), raising $1.5 billion at a price of $40 per share, with a valuation of approximately $23 billion. Due to the sluggish stock market, the company has reduced its IPO size from the originally planned 49 million shares (at $47-55 per share) to 37.5 million shares. AI giant Nvidia, as an investor in CoreWeave, has subscribed for $250 million worth of shares in this IPO, strengthening its stake in the AI cloud service company. CoreWeave has a deep connection with Bitcoin mining company CoreScientific, and the two parties have reached a multi billion dollar cooperation agreement to enhance CoreScientific's AI capabilities. It is worth noting that Nvidia's stock price has fallen by 12% so far this year, reflecting the overall weakness of the AI sector.