CoreWeave, a cloud computing provider that’s among the hottest startups in the artificial intelligence race, is finalizing a minority stake sale that values the company at $7 billion, according to people with knowledge of the matter.
Fidelity Investments has agreed to buy the largest portion of the roughly $500 million of employee-owned shares that have been tendered, said the people, who asked not to be named discussing confidential talks. JPMorgan Asset Management and Goanna Capital are among institutions in talks to participate, some of the people said. Terms haven’t been finalized and could still change, they added.
Roseland, ...
