CoreWeave prices IPO at $40 a share, below expected range
Publishing timestamp: 2025-03-27 23:38:52
Summary
CoreWeave priced its IPO shares at $40, lower than the expected range of $47 to $55. The company raised $1.5 billion in the offering, with shares set to start trading on Nasdaq under the symbol "CRWV." CoreWeave's model is capital intensive, with Microsoft as its biggest customer and a recent contract with OpenAI worth up to $11.9 billion. The IPO is seen as a major test for the tech startup and venture capital market.
Sentiment: MIXED
Tickers: NVDA, FRSH, GS, RDDT, MSFT, RBRK, AMZN, IBM, GOOGL, META,
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Source: https://www.cnbc.com/2025/03/27/coreweave-prices-ipo-at-40-a-share-below-expected-range.html