FILE PHOTO: U.S. dollar banknotes are seen in this photo illustration taken February 12, 2018. REUTERS/Jose Luis Gonzalez/Illustration/File Photo
(Reuters) -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.
The listing is seen as crucial to the revival of a largely moribund U.S. IPO market, as well as a gauge for investor appetite for new entrants in a sector that has propelled stock markets to record gains over the past two years.
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