CoreWeave is targeting a valuation of up to $32 billion on a fully diluted basis in its U.S. initial public offering, as the Nvidia -backed startup bets on strong demand for generative artificial intelligence.

Artificial intelligence powerhouse CoreWeave Inc. has unveiled plans for a $2.5 billion initial public offering, setting the stage for what could be the largest IPO of 2025. The New Jersey-based firm,

Data centre operator CoreWeave will seek to raise as much as $2.7bn in a US initial public offering that is expected to be the largest tech listing of the year, according to people close to the matter.