CoreWeave IPO: Should You Buy CRWV Stock?
The CoreWeave IPO was the biggest public offering of the year so far, with the AI cloud company making its market debut on Friday, March 28.


The market for initial public offerings (IPOs) hasn't heated up as fast as many expected this year. Still, things look to be improving compared to 2024, with 69 IPOs filed through March 28 – up 30% year over year – according to Renaissance Capital.
And one of the most-anticipated upcoming IPOs of the year just dropped. Earlier this month, CoreWeave filed paperwork to go publi. And on March 28, shares of the tech stock began trading on the Nasdaq under the ticker symbol "CRWV."
Ahead of its market debut, CoreWeave priced its IPO at $40 per share, below the previous range of $47 to $55 per share. This raised $1.5 billion for the company, based on the 37.5 million CRWV shares that were made available. This makes it one of the biggest IPOs in recent memory.
From just $107.88 $24.99 for Kiplinger Personal Finance
Be a smarter, better informed investor.

Sign up for Kiplinger’s Free Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
Shares opened on March 28 trading at $39 and bounced between $37.50 and $41.89 before ending the day squarely at $40.00.
"This was the first major IPO to test the market since the recent sell-off, and it didn’t deliver," says Bill Smith, CEO and founder of Renaissance Capital. "A mountain of debt, an unclear moat, and a raft of related-party transactions weighed heavily on the deal."
Smith adds that "rumors of canceled service agreements and technical loan defaults added more 'hair' to an already hairy deal."
CoreWeave originated as a crypto mining firm before shifting to a cloud-computing company whose main business now involves renting artificial intelligence (AI) infrastructure to AI developers. The company has 32 data centers across the U.S. and Europe that are equipped with Nvidia (NVDA) chips.
Nvidia is among CoreWeave's high-profile investors, with a reported 6% stake in the firm – and it counts itself as one of the company's noteworthy customers. Meta Platforms (META), OpenAI and IBM (IBM) are also included among its clientele, while Microsoft (MSFT) has committed to spending $10 billion at CoreWeave through 2030.
How much is CoreWeave worth?
According to its S-1 filing with the Securities and Exchange Commission (SEC), CoreWeave had $1.9 billion in revenue in 2024 vs $229 million in 2023. The bulk of its revenue last year came from Microsoft.
Its net loss widened to $863 million in 2024 from $594 million in 2023.
CoreWeave's adjusted operating income margin, or the difference between the adjusted operating margin and net sales, was a respectable 19% at the end of 2024. It also had $15.1 billion of remaining performance obligations as of December 31, up 53% over the year prior.
Should you buy CoreWeave stock?
"An initial public offering enables a private company to 'go public,' or start trading in public markets, by issuing its own shares on a stock exchange for the first time. In this way, any investor can buy shares and the company can raise capital to grow," writes Kiplinger contributor Tom Taulli in his feature "What Is an Initial Public Offering (IPO)?".
But IPOs can be volatile – especially for retail investors. While IPO stocks tend to have strong first-day showings, returns for the first year are generally weak, says the team of analysts at Trivariate Research, a market research firm based in New York.
As for retail investors, whether or not you buy the CoreWeave IPO boils down to your own personal investing goals and risk tolerance. If you do decide to buy CRWV stock when it first begins trading, do so in a small amount that you can afford to lose.
Related content
- Should You Sell Tesla Stock as Elon Unrest Grows?
- How to Invest in the Nuclear Revolution
- Venture Capital: What Is It and What Are the Risks?
Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more. Delivered daily. Enter your email in the box and click Sign Me Up.

With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at Kiplinger.com. She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at a local investment research firm. In her previous role, Karee focused primarily on options trading, as well as technical, fundamental and sentiment analysis.
-
The Most Tax-Friendly States for Investing in 2025 (Hint: There Are Two)
State Taxes Living in one of these places could lower your 2025 investment taxes — especially if you invest in real estate.
-
Want To Retire at 55? See If You Can Answer These Five Questions
Who said you can’t retire at 55? If you say yes to these questions, you may be on your way to an early retirement.
-
Potential Trouble for Retirees: A Wealth Adviser's Guide to the OBBB's Impact on Retirement
While some provisions might help, others could push you into a higher tax bracket and raise your costs. Be strategic about Roth conversions, charitable donations, estate tax plans and health care expenditures.
-
One Small Step for Your Money, One Giant Leap for Retirement
Saving enough for retirement can sound as daunting as walking on the moon. But what would your future look like if you took one small step toward it this year?
-
This Is What You Really Need to Know About Medicare, From a Financial Expert
Health care costs are a significant retirement expense, and Medicare offers essential but complex coverage that requires careful planning. Here's how to navigate Medicare's various parts, enrollment periods and income-based costs.
-
I'm a Financial Planner: Could Partial Retirement Be the Right Move for You?
Many Americans close to retirement are questioning whether they should take the full leap into retirement or continue to work part-time.
-
From Mortgages to Taxes to Estates: How to Prepare for Falling Interest Rates
As speculation grows that the Federal Reserve will soon start lowering interest rates, now is a good time to review your financial plans for housing, estate, taxes, investing and retirement to make the most of potential changes.
-
This Is How Lottery Winners Build Lasting Legacies, From a Financial Professional
Winning a massive lottery jackpot, like the recent $1.4 billion Powerball, requires seeking immediate legal and financial counsel, protecting your identity and winnings and planning your legacy.
-
S&P 500 Slips Ahead of Fed Week: Stock Market Today
All eyes are on the Federal Reserve ahead of next week's critical policy meeting.
-
September Fed Meeting: Live Updates and Commentary
The September Fed meeting is a key economic event, with Wall Street keyed into what Fed Chair Powell & Co. will do about interest rates.