The largest technology issuance has been underway: Artificial Intelligence Server Company Coreweve, which among its shareholders in Belxton and Annabiya, went on Friday to an initial issue in NASDAC, with the goal of raising $ 1.5 billion by the end of March.
The issue you set: Is the market ready to buy artificial intelligence at all costs?
After initial $ 40 pricing per share, this is now trading in declines ranging from 3% to 6%, and at a price of $ 37-38 per share intermittent. The $ 1.5 billion $ 1.5 billion, which is a compromise after the publications that Corwav will try to raise between $ 2.5 and $ 3 billion by selling shares at a price ranging from $ 47-55.
The company pricing has not yet been completed and is now $ 14 billion. During raising in recent weeks, Corwav has sought to raise $ 35 billion, but even before he left it, she realized from the investors she met that she could not go beyond $ 27 billion worth.
Investors visited the company’s high valuation, noting that in order to get a $ 27 billion value, it must prove that it can increase its revenue rate by 30% for seven years, while maintaining profit margins that characterize profitable technology companies, an unreasonable expectation of the American company that carries large losses and a huge debt in its balance sheet.
The company recorded $ 1.9 billion in revenue in 2024 and a clean loss of $ 863 million. In addition, Corwaviv presents $ 15.1 billion to the end of 2024, with over half of the amount being recognized in 2025 and 2026. The company’s balance sheet has a debt of close to $ 8 billion, which is backed up mainly by Anabiya’s graphic processors. The company has raised $ 13 billion in debt so far.
Cor Weib operates in a question-year-old business model: she builds server farm and equipped them on graphic processor-based servers, which she rents on demand for technology giants such as Microsoft, which is responsible for 62% of the company’s revenue, Openai, Meta, Coastal and IBM. This is a growing growth business that is directly linked to the AI trend requested by the investors.
However, it is very far -reaching and very volatile: it is exposed on the one hand to the prices of the Anbiya’s graphic processor, and on the other hand, and on the other hand is subject to customers’ whims – the technology giants whose demand for graphic processors may change.
Corwav’s IPO has created an expectation among investors in the capital market – its success may mark a wave of technology issues of companies waiting for the lines for several years, including Clarna, Stripe, and Israeli slowdown.
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