CoreWeave stock rips higher
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CoreWeave reduced the size of its U.S. initial public offering and priced its shares below the indicated range, the company said on Thursday, dampening expectations that the listing would boost invest...
From Reuters
CoreWeave shares rose more than 10% in their third trading day, following a volatile post-IPO start.
From NBC New York
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CoreWeave's IPO priced lower than expected, at $40 per share, raising $1.5B and valuing it at $19B - SiliconANGLE
CoreWeave's chief executive says debt is the fuel for his company. He sounded bullish on CRWV stock price for the future as well.
After pricing its IPO below the expected range, CoreWeave’s stock didn’t do much in its debut on Friday, reflecting concerns about the macro environment.
CoreWeave had already taken a hit when it had to downsize its public offering. The stock opened at $39, compared with the IPO price of $40.
The cloud computing company will likely seek a valuation closer to the $23 billion valuation it had in the private market a year ago than the roughly $30 billion it had originally targeted, people familiar with the matter said.
CoreWeave's initial public offering raised a total of $1.5 billion. Here's what it means for underwriters like Goldman Sachs.
The Register on MSN4d
CoreWeave cools its jets, downsizing IPO as investor heat fadesThat stands for I Probably Overestimated? CoreWeave has pared back the scope of its initial public offering amid growing investor uncertainty in an overheating AI marketplace and risks posed by the GPU cloud specialist's exposure to a small number of customers.