CoreWeave reportedly looks to raise $1.5B in debt as IPO disappoints

Data halfway relation CoreWeave is reportedly seeking a $1.5 cardinal indebtedness woody aft a disappointing IPO.

According to the Financial Times, CoreWeave is holding a roadshow this week with bankers astatine JPMorgan for indebtedness options. The company’s executives mean to usage the meetings to gauge capitalist interest.

New Jersey-based CoreWeave listed its shares successful March, initially targeting a $2.7 cardinal fundraise. The institution was forced to slash that full to $1.5 cardinal pursuing capitalist interest astir its ample indebtedness load and a weakening marketplace for AI infrastructure.

CoreWeave, which has customers including Microsoft, raised $12.9 cardinal of indebtedness successful the past 2 years to physique information centers. The institution had astir $8 cardinal of full indebtedness connected its equilibrium expanse arsenic of December 2024, and is facing indebtedness and involvement payments of $7.5 cardinal by the extremity of 2026, the Financial Times antecedently reported.

TechCrunch has contacted CoreWeave for comment.