The source says that NVIDIA to the Coreweave IPO marina at $ 40 per share.

Nafidia It aims to consolidate the first public offering of Coreveave at $ 40 per share of $ 250 million, according to a person familiar with the matter.

The company initially made the offer in From 47 to $ 55 per share. “Coreove does not plan to reduce or reshape it at this time.

Coreave did not immediately respond to CNBC’s request for comment.

NVIDIA is already an important agent for Coreweave, who rents a distance access to computers based on NVIDIA’s Artificial intelligence chips. The technology giant, who also owns about 6 % of the company, rejected the request to request.

The expected Coreave show came as A welcoming mark for the public subscription market Dry paralysis in activity. The subscription market closed the subscriptions practically more than three years ago, as investors abandoned the bets risk against a high background of inflation and interest rates.

Wall Street was optimistic that the term President Donald Trump would enter into a more suitable preparation for technology shares, but this sector began an approximate start as the customs tariff ignited a global trade war and feared stagnation. The heavy technical nasdaq has decreased by 7 % this year.

The subscription market New birth signs showCoreove joins a growing list of companies that start lining for the first time. The ticket distributor, STUBHUB, HEALTH Tech Company Hinge Health and KLARNA online lender. The appearance of the first time will be celebrated to the artificial intelligence industry, which continues to withdraw billions in spending from technology giants.

Coreave started in 2017 as ATLANTIC CRYPTO, where the infrastructure of the Ethereum Cryptocurrency is provided. When the prices of digital currency decreased, the company extracted additional graphics processing units and changed its name to Coreave because it turned its focus towards artificial intelligence.

In public subscription bulletin foot Earlier this monthThe company said that the revenues of 2024 jumped more than 700 % to reach $ 1.92 billion and a net loss of 863.4 million dollars. The company also said that 77 % of its revenue came from two customers. Microsoft It is the most important customer, which represents 62 % of revenue last year.

The company also said in the release bulletin that it was closed in 2024 with 32 data centers of more than 250,000 NVIDIA graphics processing units.

– CNBC’s Hayden Field, Jordan Novet and Kristina Porsevinos The reports contributed