Reported 24 days ago
The recent IPO of CoreWeave Inc., a cloud-computing company backed by Nvidia, fell short of its ambitious targets, raising only $1.5 billion instead of the expected $4 billion. The offering, which priced shares at $40 each, struggled amidst a weak market, leading to a diluted valuation of $23 billion—well below initial projections. This lackluster debut highlights ongoing challenges in the US IPO market, with investors remaining cautious in light of broader economic uncertainties.
Source: YAHOO