CoreWeave, a rapidly growing AI cloud company, is expected to price its initial public offering later tonight. The stock will open for trading on the Nasdaq Friday morning under the ticker CRWV.Last week the company disclosed a likely price range of $47 to $55 for the stock,

Narratives surrounding CoreWeave's upcoming IPO are echoing that of Snowflake. CoreWeave is not only the first major IPO for an AI unicorn in recent years, but a successful public debut could also set the stage for a flood of high-profile private technology companies yearning to hit the public exchanges.

In its updated IPO prospectus on Thursday, CoreWeave said it plans to sell shares at $47 to $55 each, raising a total of up to $2.7 billion.