CoreWeave, a cloud computing firm backed by Nvidia Corp (NASDAQ:NVDA), is racing toward an IPO. It aims to raise $4 billion at a valuation north of $35 billion. CoreWeave could file for a U.S. listing within a week,

Cloud computing provider CoreWeave is considering filing publicly for an initial public offering in the US within a week, according to people familiar with the situation.

Artificial intelligence (AI) firm CoreWeave is planning to file for a public listing in the U.S. within a week, according to a Bloomberg report.

Meanwhile, CoreWeave is spending an additional $1.2 billion to acquire 70MW of data center space from Core Scientific in Denton, Texas. Core Scientific said in November 2024 that it was converting the site into an AI data center at a cost of up to $6.1 billion.

Cloud computing firm CoreWeave, which is backed by Nvidia (NASDAQ:NVDA), is close to filing its $4B initial public offering and may due so as soon as next week, Bloomberg reported. The company is seeking a valuation of $35B or greater,