Will CoreWeave Stock be Ready to IPO in 2025?

Explore ways to invest in CoreWeave stock before the IPO which is now anticipated in the first half of 2025. Linqto removes barriers to private markets and gives you access to invest in pre-IPO companies. CoreWeave is coming soon to the platform (indicated in early October, 2024)

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Notable CoreWeave News

10/11/2024: CoreWeave gets $650 million credit line
09/13/2024: CoreWeave In Talks for Tender at $23 B Valuation
08/01/2024: CoreWeave Hires Former Rivian CAO
05/29/2024: CoreWeave Preparing for 2025 IPO
Older news…

About CoreWeave

CoreWeave is a cloud infrastructure company based in Roseland, New Jersey. It provides “a massive scale of GPUs on top of the industry’s fastest and most flexible infrastructure,” helping to fuel the AI arms race.

The company is most notable for offering cloud access to Nvidia’s HGX H100 chips which give superior GPU processing for training AI large language models (LLM) and AI imaging applications.

CoreWeave’s founders began stocking up on processing chips to mine Ethereum before the AI boom, which kicked off after the release of OpenAI’s ChatGPT.

It left Wall Street for the New Jersey suburbs and began selling access to its GPUs when cryptocurrencies became unpopular. 

CoreWeave is among the darlings of AI startups, alongside Anthropic, OpenAI, Inflection AI, and “the GitHub of AI”, HuggingFace. 

The startup claims to be two years ahead of other cloud providers. It can provide AI startups with the appropriate level of computing needed for complex models. 

Here’s a video about CoreWeave’s niche AI use cases and how it compares to traditional cloud providers.

CoreWeave Ownership

CoreWeave is a venture-backed private company. Its primary owners are the co-founders, venture capital firms, technology companies, and employees.

Prominent venture capital investors include Fidelity, the Investment Management Corporation of Ontario (“IMCO”), Jane Street, J. P. Morgan, Nat Friedman and Daniel Gross, Goanna Capital, Zoom Ventures, and Nvidia. 

It has also raised debt financing from Magnetar Capital, Blackstone, Coatue, Digital Bridge Credit, and affiliates of BlackRock, PIMCO, and Carlyle.

IPO Potential

The specific CoreWeave IPO date is currently unknown. However, The Information reported in late-May 2024 that the startup was aiming to IPO in the first half of 2025. 

Leaks like this are often misguided as timelines are hard to maintain and market conditions evolve. But this is the first we’ve heard of management pursuing an IPO over acquisition. 

If an AI bubble is expanding and other AI companies like Cerebras test the IPO waters, others like CoreWeave would surely follow. 

Though considering its position as a leading AI cloud infrastructure company, it may also be an acquisition target by a large tech company looking to improve its position in the AI arms race (e.g., Amazon, Google, Oracle, Microsoft).

Or, existing investor Nvidia could take it fully under its wing.

I’ll update this webpage with the latest information when it becomes available. 

Funding Rounds

WordPress Data Table Plugin

Valuation

The CoreWeave valuation is $19 billion based on the May 2024 $1.1 billion Series C investment.

Bloomberg reported in September 2024 that CoreWeave is arranging a tender offer to give employees liquidity at a $23 billion valuation. 

Four Ways to Invest in CoreWeave

Since CoreWeave is a private company, it is challenging to become an equity owner today.

However, by taking the actions outlined below, you can increase your chances of early equity ownership or obtaining shares in the IPO.

Accredited investors will have an easier time using pre-IPO investing platforms. Non-accredited investors can look to venture capital funds for access to pre-IPO companies. 

1. Access CoreWeave via pre-IPO investing platforms

The author has seen some evidence of opportunities to invest in CoreWeave stock on pre-IPO investing platforms. 

Linqto removes barriers to private markets and gives you access to invest in pre-IPO companies. As of early October 2024, CoreWeave is indicated as “coming soon” to the platform. Sign up for alerts to get the latest availability. 

Interested investors can also monitor Hiive and other pre-IPO platforms, including EquityZen, and Forge Global for current share availability, where early investors and employees may sell shares before the IPO.

Direct pre-IPO investors must be meet the SEC accreditation requirements. Minimum investments range from $5,000 to $50,000 or more for these different platforms.

Non-accredited retail investors can own pre-IPO companies by owning the Fundrise Innovation Fund (review).

However, investors cannot select individual pre-IPO companies, and CoreWeave stock is currently not in the portfolio.

There’s a $10 minimum investment, and the fund is ramping up new holdings.

Check out our list of top pre-IPO investing platforms for current share availability across platforms. 

Please note: This is a testimonial in partnership with Fundrise. We earn a commission from partner links on AccessIPOs.com. All opinions are my own.

2. Buy Nvidia or Zoom

Indirect investing in pre-IPOs is the easiest and lowest-risk way to gain investment exposure. However, upside potential is very limited. 

Nvidia (NVDA) and Zoom (ZM) both invested in CoreWeave, therefore retail investors can buy those stocks for indirect exposure. 

Zoom is a much smaller company than Nvidia and will, therefore, gain more if CoreWeave’s valuation expands.

3. Buy the stock during the IPO through a participating broker

If a CoreWeave IPO develops, most retail investors will not receive IPO shares. IPO access is often challenging. 

But, savvy retail IPO investors may find opportunities to invest during the IPO when it arrives. IPO access has become increasingly accessible to retail investors in the past few years. 

The following online brokers give customers free access to IPOs with low minimum deposits:

• TradeStation 
• Robinhood
  

TradeStation has a longer track record of accessing more than 360 IPOs and secondary offerings via its partnership with ClickIPO. 

But Robinhood has the advantage of Silicon Valley networks and a history of getting allocations for high-profile IPOs.

Read the S-1 filings to find mentions of these online brokers to find opportunities. 

Check out this list of best brokers for IPO investing to learn more about IPO access for retail investors.

4. Buy the stock after the IPO

Most investors will not acquire pre-IPO shares or receive an allocation during the IPO. They will need to wait until an IPO to buy the stock in the open market. 

Investing after the IPO has advantages. The market-based pricing and regulated filings reduce investor risk. Furthermore, public numbers make it easier for retail investors to perform due diligence before investing. 

Avoid chasing over-inflated share prices immediately after the IPO. Stock price declines after IPOs can be excellent entry points.

Be selective and patient. The most disruptive companies are likely to experience higher valuations a decade from now.

Frequently Asked Questions (FAQs)

Is CoreWeave Publicly Traded?

No. CoreWeave is not publicly traded. It is a private, venture-backed startup.

What is the CoreWeave Stock Symbol?

There is no CoreWeave stock symbol. CoreWeave is a private company which has not filed for an IPO. 

Here are a few CoreWeave ticker symbols: 

• CORE
• CORW

What is the CoreWeave Stock Price?

A public CoreWeave share price is not available because it is a private company. Private marketplace data is becoming more accurate and reliable, but there are limited transactions. 

Where can I find the CoreWeave S-1 Filing?

CoreWeave has yet to release an S-1 filing to the public. 

The company may be weighing its options regarding an acquisition versus a public path. 

The announcement of a confidential or public S-1 filing would start the IPO process and give Wall Street an idea of where the company resides in the IPO pipeline.

When the company releases the S-1 filing to investors, we’ll link to and embed the document on this web page.

In the meantime, you can check out the most recent S-1 filings in our S-1 filings feed. 

CoreWeave News Archive

05/17/2024: CoreWeave raises $7.5 billion in debt
05/01/2024: CoreWeave Secures $1.1 Billion in Series C Funding
04/04/2024: CoreWeave: AI Demand for Data Centers Underestimated
03/22/2024: CoreWeave Is Raising Funds at $16 B Valuation
12/04/2023: CoreWeave Announces Secondary Sale of $642 Million
12/03/2023: Fidelity and Jane Street Back CoreWeave at $7 B Valuation
08/25/2023: CoreWeave Is Battling the Giants of Silicon Valley
08/03/2023: CoreWeave Secures $2.3 Billion Debt Financing
05/31/2023: CoreWeave Secures $200 Million Series B Extension
04/21/2023: CoreWeave Raises $221 Million Megaround

Conclusion

Retail investors often become interested in buying startups riding extraordinary macroeconomic and technology trends (AI, supercomputing, cloud, LLMs) before they go public. 

However, acquiring ownership in CoreWeave and similar companies is challenging for retail investors, especially non-accredited ones, due to regulations and high demand for shares.  

Pre-IPO investing platforms have opened more opportunities for retail investors. However, availability is still limited. Monitor platforms for the latest availability. 

Investors will likely hit roadblocks trying to obtain pre-IPO shares or IPO shares if the company chooses a public offering. 

CoreWeave has recently taken advantage of the private AI funding bonanza, and may need more private money soon. The company must invest in its cloud infrastructure to deliver computing to its customers. 

The company may also watch developments of the potential upcoming Cerebras IPO. Cerebras is similar AI infrastructure company aiming to raise private funds and IPO in 2024. The outcome of its fundraising activities could influence CoreWeave. 

If you want to pursue pre-IPO equity in CoreWeave, look first to pre-IPO platforms. More availability may emerge as CoreWeave grows and early employees seek liquidity.

Good luck if you wish to buy CoreWeave stock before the CoreWeave IPO. Invest in pre-IPO and IPO companies at your own risk.

* Disclosure: The web page contains affiliate links from our partners. If a reader opens an account or buys a service from a link in this article, we may be compensated at no additional cost to the reader. Opening an account with a broker that provides access to IPOs does not guarantee the customer allocations of specific IPOs. The author is long HOOD and the Fundrise Innovation Fund.