Jitong Finance and Economics APP learned that cloud computing provider CoreWeave, as a hot startup in the field of artificial intelligence, has selected Morgan Stanley, Goldman Sachs, and JPMorgan to lead its upcoming initial public offering (IPO), and plans to go public next year. According to sources who declined to be named, this news is confidential, and IPO preparations are underway, potentially attracting more banks to participate.

It is understood that CoreWeave's IPO plan comes at a time when the market expects the U.S. IPO market to return to pre-pandemic levels, with many companies preparing to go public in 2025. Previously, CoreWeave has received support from technology giants like Cisco (CSCO.US), and received a valuation of $23 billion in a funding round.

The company is led by co-founder and CEO Michael Intrator. Since its establishment in 2017 as a cryptocurrency mining company, it has attracted investments from investors including Nvidia (NVDA.US), Magnetar Capital, Coatue Management, Jane Street, JPMorgan Asset Management, and Fidelity.

As an early adopter of Nvidia's data center graphics chips, CoreWeave is building data centers based on Nvidia chips to meet the demand for powerful processors required to run AI applications. Last month, the company completed a $0.65 billion credit financing led by JPMorgan, Goldman Sachs, and Morgan Stanley, and is expected to open 28 global data centers before the end of this year, with plans to add 10 new data centers by 2025.

In summary, as a leader in the AI field, CoreWeave is actively preparing for its IPO while continuously expanding its data center scale based on Nvidia chips to meet the global demand for AI computing power. After receiving support from technology giants and completing large credit financing, CoreWeave is steadily moving towards its goal of becoming a leading global cloud computing provider.