CoreWeave Stock Finishes First Trading Session at IPO Price
KEY TAKEAWAYS
- Shares in CoreWeave, a cloud computing company backed by Nvidia, ended their first trading session right at their IPO price following a $1.5 billion initial public offering.
- Shares of CoreWeave, now on the Nasdaq under the ticker CRWV, opened at $39 Friday, below its IPO price of $40 per share.
- The IPO was the largest in the U.S. since the $1.75 billion listing by LNG exporter Venture Global in January, according to Dealogic.
Shares in CoreWeave (CRWV), a cloud computing company backed by Nvidia (NVDA), ended their market debut flat following a $1.5 billion initial public offering that priced below its expected range.
Shares of CoreWeave opened at $39 Friday. It ended the day at $40, its IPO price, trading as high…
