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CoreWeave shares soar 17% after $2 billion debt offering

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Michael Intrator, Founder & CEO of CoreWeave, Inc., Nvidia-backed cloud services provider, gestures during the company’s IPO at the Nasdaq Market, in New York City, U.S., March 28, 2025. 

Brendan Mcdermid | Reuters

CoreWeave shares popped more than 18% after announcing a $2 billion debt offering.

The renter of artificial intelligence data centers said it had priced the notes at 9.25%, with a June 2030 maturity date. The deal represents a $500 million increase from its initial announcement.

CoreWeave said it plans to use the capital to pay off outstanding debt. The company confirmed to CNBC that CoreWeave was five times oversubscribed.

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