CoreWeave’s IPO Meets Market With Steady Start

CoreWeave, a company backed by Nvidia and specializing in cloud computing for artificial intelligence, debuted on the Nasdaq on March 28, with its shares starting trading at the initial public offering (IPO) price. The stock finished its first trading session at the IPO price, indicating a cautious reception by investors amid uncertainties in the AI sector.

Despite earlier speculation that CoreWeave's shares might open 25% above the IPO price, the actual trading began at the set price, reflecting a more conservative investor approach. The IPO's lukewarm reception comes as the broader market grapples with the implications of AI technology and its future growth potential.

Analysts had anticipated high demand for CoreWeave's IPO, given its strong backing from Nvidia and its focus on a rapidly growing sector. However, the stock's performance on the first day suggests that investors are taking a wait-and-see approach, possibly influenced by broader market conditions and the evolving landscape of AI technology.

• AI
• CoreWeave
• Nasdaq
• NVIDIA

Detailed News about CoreWeave • IPO

CoreWeave Stock Finishes First Trading Session at IPO Price

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Related issues news

What is coreweave?

CoreWeave is a pure play on AI, with all of its revenue coming from cloud rentals of AI servers that use Nvidia. NVDA. -2.05% chips. Nvidia purchased $250 million at the IPO price CoreWeave co-founder and Chief Strategy Officer Brian Venturo told Barron's.

When is Coreweave expected to go public?

The shares are expected to begin trading on the Nasdaq Global Select Market on March 28, 2025 under the ticker symbol 'CRWV.' The offering is expected to close on March 31, 2025, subject to the satisfaction of customary closing conditions.

What is coreweave ticker?

Shares of CoreWeave, now on the Nasdaq under the ticker CRWV, opened at $39 Friday, below its IPO price of $40 per share.

What is coreweave valuation?

CoreWeave valued at $23 billion in muted Nasdaq debut. By Echo Wang, Krystal Hu, Niket Nishant and Manya Saini.

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