Corio (CRWV), A hyper -scale cloud startup NVIDIA (NASDAQ: NVDA) supported, targeting the initial public presentation price between $ 47 and $ 55 per share. Reuters.
The AI ​​Foxed Cloud Provider, who filed his form S -1 with the US Securities and Exchange Commission earlier this month, describes himself as an important player in the AI ​​revolution. It develops a proprietary cloud platform that is designed to support modern AI models and applications, which include Microsoft (Nes Deck: MSFT), Meta Platform (Nes Deck: Meta Dac), IBM (NYSE: IBM), Mistal AI, and Kohri Ink.
Corio’s business has suffered from the sky. The company earned $ 1.9 billion in revenue in 2024, an explosive 737 % during the annual year. However, despite the widespread growth, Corio showed a net loss of 63 863 million for the year.
Microsoft was its largest consumer, with 62 % income in 2024, 35 % last year.
Earlier this month, Corio signed a $ 11.9 billion contract with Openi to supply AI infrastructure with Openi, further strengthening its role in the rapidly expanding AI ecosystem.
Sources said the company is expected to start marketing its IPO this week and can go publicly in the end of March or April. Reuters. The Coriovan Tucker will trade under CRWV.
This article first appeared Grofoxes.
