BUZZ-CoreWeave rises as convertible bond offering upsized to $3.5 bln
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** CoreWeave's CRWV.O shares up 4.1% at $95.78 before the bell after securing more capital than planned
** CRWV announces pricing private offering of $3.5 bln 1.75% convertible bonds (CBs) due Oct 2032
** Offering size boosted from $3 bln; initial conversion price of $119.60 represents 30% premium over stock's last close of $92
** CRWV shares rose 3.5% on Thurs after co expanded its partnership with Meta Platforms META.O in $21 bln agreement to provide the Facebook parent with additional computing capacity
** Early Fri, CRWV unveiled multi-year agreement to support the development and deployment of Anthropic’s Claude family of AI models
** CRWV intends to use $430.5 mln of net offering proceeds from the CBs to fund capped call transactions, and remainder for general corp purposes
** Recommendation breakdown of 35 analysts covering CRWV stock is 7 "strong buy", 14 "buy", 12 "hold", 1 "sell" and 1 "strong sell"; median PT $120 - LSEG data