Data Center Operator Corwive is reported to be looking for a $ 1.5 billion debt agreement after the disappointing IPO.
According to the Financial TimesCorwive is a roadshow with bankers in JP Morgan for the JP alternative this week. Officials of the company intend to use meetings for investors’ interest.
The New Jersey-based Qurweave listed its shares in March, initially targeting $ 2.7 billion funds. This company was forced to reduce $ 1.5 billion in a total of $ 1.5 billion after investors ‘concerns about the AI infrastructure and investors’ concerns about the weak market.
Customers, including Microsoft, have raised $ 12.9 billion to build a data center in the last two years. Until December 2021, the total Debt was about $ 8 billion on the balance sheet of the company and faced debt money and interest payments by the end of 20226. Financial Times previously reportedThe
TechCrunch has contacted Corewave for comments.