CoreWeave Completes $4.2 Billion Convertible Offering

CoreWeave said it completed a $4.2 billion convertible bond offering, upsized from the $3 billion it initially targeted. The AI cloud provider had priced $3.7 billion in the offering.

• CoreWeave raised $4.2 billion via convertible bonds
• The company initially aimed to raise $3 billion
• The offering was priced at $3.7 billion