Latham & Watkins Advises on CoreWeave's US$1.5 Billion IPO

CoreWeave, Inc. (CoreWeave), the AI Hyperscaler™, has announced the pricing of its initial public offering of 37,500,000 shares of its Class A common stock at a public offering price of US$40 per share. The offering consists of 36,590,000 shares of Class A common stock to be sold by CoreWeave and 910,000 shares of Class A common stock to be sold by existing stockholders (the Selling Stockholder). CoreWeave will not receive any proceeds from the sale of shares of Class A common stock by the Selling Stockholders. The shares began trading on the Nasdaq Global Select Market on March 28, 2025, under the ticker symbol "CRWV." The offering is expected to close on March 31, 2025, subject to the satisfaction of customary closing conditions.

Latham & Watkins LLP represents the underwriters in the offering with a corporate team led by partners Rick Kline, Keith Halverstam, Erica Kassman, and Salvatore Vanchieri, with associates Kathleen Mehary, Natalie Robertson, Bridget Carmody, and Edwin Gonzalez. Advice was also provided on intellectual property, US data privacy, and artificial intelligence matters by partner Michelle Gross, with associates Amy Tosi and Kiara Vaughn; on EU/UK data privacy matters by partner Fiona Maclean, with associates Oscar Bjartell and Ianthe Fry; on tax matters by partner Rene de Vera, with associate Valerie Silva Parra; on anti-corruption matters by partners Joseph Bargnesi and Kevin Chambers; on compensation and benefits matters by partner Jay Metz, with associate Mary Daniel Morgan; on sanctions and export controls by associate Matthew Crawford; and on FINRA matters by partner Gail Neely, with corporate attorney Edyta Hannas.