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AI startup CoreWeave reportedly received oversubscription on its IPO debut.
PANews March 21 news, according to Jinshi reports, informed sources revealed that CoreWeave, an AI startup supported by NVIDIA (NVDA.O), is expected to explain to potential investors that its initial public offering (IPO) has received subscriptions for all available shares. This issuance could raise up to $2.7 billion at the top end of the price range. Informed sources said that this deal is expected to be priced next Thursday and start trading the following day, indicating that the transaction 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 AI field, and the documents submitted to the U.S. Securities and Exchange Commission show that the offering price range is $47 to $55. The company and some of its supporters will offer 49 million shares in this transaction. (Jinshi Data APP)