CoreWeave, an AI cloud platform based in New Jersey, is targeting a valuation exceeding $35 billion for its U.S. IPO, expected in the second quarter of 2025, aiming to raise over $3 billion. The company, which provides access to data centers and high-powered chips, recently completed a $650 million secondary share sale, valuing it at $23 billion. As investor interest in generative AI surges, CoreWeave prepares for its listing amid a recovering IPO market.
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