CoreWeave, the Nvidia-backed cloud computing firm, priced its initial public offering at $40 per share on March 28, 2025. This price was below the earlier expected range of $47 to $55 per share, and the offering was downsized to 37.5 million shares from 49 million.
On its market debut on the Nasdaq, CoreWeave's shares opened nearly 3% lower than their initial public offering price. The stock closed flat at $40 on its first day of trading.
The adjusted pricing and initial market performance reflect a more tempered investor enthusiasm than initially hoped for, impacting the total capital raised and setting a challenging precedent for the company's public market journey.
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