CoreWeave, Inc. (CRWV) announced today that it has launched the roadshow for its proposed initial public offering of its Class A common stock. CoreWeave has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the "SEC") to offer 49,000,000 shares of its Class A common stock to the public. The offering consists of 47,178,660 shares of Class A common stock being offered by CoreWeave and 1,821,340 shares of Class A common stock being offered by existing stockholders (the "Selling Stockholders"). CoreWeave will not receive any proceeds from the sale of shares by the Selling Stockholders. In addition, CoreWeave intends to grant the underwriters a 30-day option to purchase up to an additional 7,350,000 shares of its Class A common stock to cover over-allotments. The initial public offering price is expected to be between $47.00 to $55.00 per share. CoreWeave has applied to list its Class A common stock on the Nasdaq Global Select Market under the ticker symbol "CRWV."
Morgan Stanley , J.P. Morgan, and Goldman Sachs & Co (NYSE:GS). LLC are acting as joint lead bookrunners for the proposed offering. Barclays (LON:BARC), Citigroup (NYSE:C), MUFG, Deutsche Bank (ETR:DBKGn) Securities, Jefferies, Mizuho (NYSE:MFG), Wells Fargo (NYSE:WFC) Securities, and BofA Securities are acting as joint bookrunners. Guggenheim Securities, M. Klein & Company, Macquarie Capital, Needham & Company, Santander (BME:SAN), Stifel, and Galaxy Digital (TSX:GLXY) Partners LLC are acting as co-managers for the proposed offering.
The proposed offering will be made only by means of a prospectus. Copies of the preliminary prospectus related to the offering may be obtained from: Morgan Stanley & Co (NYSE:MS). LLC, Attn: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014; or J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions (NYSE:BR), 1155 Long Island Avenue, Edgewood, NY 11717 or email: prospectus-eq_fi@jpmchase.com; or Goldman Sachs & Co. LLC, Attn: Prospectus Department, 200 West Street, New York, NY 10282 or by emailing prospectus-ny@ny.email.gs.com.
A registration statement on Form S-1 relating to the proposed sale of these securities has been filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release is being made pursuant to, and in accordance with, Rule 134 under the Securities Act of 1933, as amended, and shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.