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CoreWeave prices IPO at $40 a share, below expected range - TL;DR CNBC

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: NVDAFRSHGSRDDTMSFTRBRKAMZNIBMGOOGLMETA

Keywords: businessalphabet incrubrik incgoldman sachs group incmeta platforms inctechnologyfreshworks incinternational business machines corpbreaking news: technologybusiness newsenterprisemicrosoft corpreddit incdonald j. trumpnvidia corpipoamazon.com inc

Source: https://www.cnbc.com/2025/03/27/coreweave-prices-ipo-at-40-a-share-below-expected-range.html


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