News Summary

CoreWeave has announced a target to raise between $2.2 billion and $2.6 billion through its initial public offering (IPO), with shares priced between $47 and $55 each. Despite initial expectations to raise over $3 billion, the company is strategically setting a lower price range to generate excitement and drive up demand on the first trading day. This move follows CoreWeave’s recent $12 billion customer agreement with OpenAI and the addition of Meg Whitman to its board of directors, signaling strong institutional interest and confidence in its growth prospects.