IPO, CoreWeave
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The Motley Fool |
An up-and-coming company specializing in the hottest technology area decides to go public. It's teamed up with the most prominent player in that area. The company's initial public offering (IPO) is se...
Reuters |
shares closed up 42% at $52.57 on Tuesday, their third day of trading, above their initial public offering price of $40.
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The company says it still sees tremendous avenues for growth, even if investors don’t quite see that yet.
Artificial intelligence company CoreWeave (CRWV) and media outlet Newsmax (NMAX) had volatile initial public offerings
CoreWeave's shares closed flat after opening nearly 3% below their offer price in its Nasdaq debut on Friday, giving the Nvidia-backed AI infrastructure firm a valuation of $23 billion on a fully diluted basis.
After waiting over three years for a billion-dollar-plus IPO from a U.S. tech company, Wall Street’s top banks only got a 2.8% fee.
CoreWeave’s valuation at 5x forward sales isn’t compelling when debt is mounting, and cash flow is deeply negative. Read why I'm neutral on CRWV stock.
1d
Stocktwits on MSNCoreWeave Stock Picks Up Steam After Muted Debut: Retail Still Has Mixed FeelingsCoreWeave, Inc. (CRWV) stock jumped nearly 42% on Tuesday, outperforming the broader market. Livingston, New Jersey-based CoreWeave’s stock ended Friday’s debut session flat at the initial public offering (IPO) price of $40 and slipped 7.
AI tokens, including NEAR, ICP, TAO and RENDER rose on Tuesday after OpenAI announced the closing of its record-breaking private funding round the day prior.
Analysts break down initial thoughts on the CoreWeave IPO, which priced below an anticipated range after its IPO.