CoreWeave Inc. is expected to guide prospective investors that its initial public offering has received orders for all of the shares available, according to people familiar with the matter.

CoreWeave said on Wednesday that it hopes to sell its initial public shares between $47 and $55 per share, putting the money it may raise between about

In its IPO prospectus, filed earlier this month, CoreWeave reported revenue of $1.9bn in 2024, compared with $229mn a year earlier and $16mn in 2022. However, its losses widened over that period. It posted net losses of $863mn in 2024, $594mn in 2023 and $31mn in 2022.