This Nvidia-Backed Company Is Seeking a $35 Billion Valuation in One of the Most Eagerly Anticipated IPOs of 2025: 3 Things You Should Know

Many market strategists have predicted a revival in initial public offerings (IPO) after a sluggish market over the last few years. While it still could take some time for the IPO market to thaw and the floodgates open, especially after recent turbulence in the market, more private companies are starting to emerge.One recent company that announced plans to go public is the artificial intelligence infrastructure firm Coreweave (CRWV). Coreweave is reportedly seeking to raise $4 billion, which would value the company at $35 billion, making it one of the larger IPOs in recent years. Given how successful AI stocks have been, the company is likely to draw a lot of interest and is definitely one of the most eagerly anticipated IPOs in 2025. Here are three things you should know.Interestingly, Coreweave started as an infrastructure play targeting crypto miners. The company previously used data centers in New Jersey to mine Ethereum when the world's second-largest cryptocurrency used the energy-intensive proof-of-work mining system that required lots of computing power to mint new blocks of Ethereum and collect the associated rewards. However, when crypto crashed in 2018, Coreweave pivoted and now provides data centers made for supporting generative AI workloads.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool