In today’s briefing:
- CoreWeave Inc. (CRWV): IPO Valuation Is Fair for AI Industry Believers
CoreWeave Inc. (CRWV): IPO Valuation Is Fair for AI Industry Believers
- The valuation of the company in our opinion is “fair” and not “stretching the limit” for investors who believe in AI industry trends.
- A channel check of this offering revealed that the deal is considered well-oversubscribed with early 1-on-1 conversions and a strong shadow book.
- The company is a growth story through and through. They have grown from $16m in revenue in 2022 to $1.9bn in 2024 – the year-over-year growth in 2024 was 737%.
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