Nvidia-backed CoreWeave's shares open nearly 3% lower in market debut
CoreWeave, an artificial intelligence startup backed by Nvidia, falls in debut on March 28, 2025 after a hotly-anticipated IPO downsized and priced well below range. The shares opened nearly 3% below their initial public offering price on the Nasdaq. The Nvidia-backed AI infrastructure firm was valued at $22.7 billion on a fully diluted basis. CoreWeave has yet to turn a profit and some existing shareholders had planned to sell 49 million shares at $47-$55.
REUTERS / NASDAQ / COREWEAVE
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