CoreWeave Stock Ends First Day of Trading
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Shares of CoreWeave, the first artificial intelligence start-up to go public, finished its first day of trading at $40.01 a share, one penny above the disappointing initial public offering price the c...
From The New York Times
The AI startup had priced its offering at $40 a share late Thursday, well below the $47 to $55 range it had been targeting.
From Wall Street Journal
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CoreWeave will commence trading on the Nasdaq today, March 28, with shares priced at $40 each. The AI cloud company revealed pricing for its initial public offering (IPO) a day in advance of the launch.
AI cloud firm CoreWeave's first day on public markets was a dud, but experts warn against drawing conclusion about the health of the AI and data center sectors.
CoreWeave made its debut on the Nasdaq stock exchange today and the initial public offering (IPO) was priced at $40 per share
CoreWeave's IPO priced lower than expected, at $40 per share, raising $1.5B and valuing it at $19B - SiliconANGLE
CoreWeave is one of a new breed of cloud providers that focuses on GPU-based server infrastructure and services to support the development and training of AI models. It claims to have more than 250,000 GPUs online, spread across 32 datacenters, mostly located in the US.
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In its updated IPO prospectus on Thursday, CoreWeave said it plans to sell shares at $47 to $55 each, raising a total of up to $2.7 billion.
CoreWeave, Inc. ("CoreWeave"), the AI Hyperscalerâ„¢, announced today the pricing of its initial public offering of 37,500,000 shares of its Class A common stock at a public offering price of $40.00 per share.
CoreWeave and some existing investors had initially aimed to sell 49 million shares in the offering priced between $47 and $55 each to raise as much as $2.7 billion.