Nvidia-Backed CoreWeave's IPO Comes In Below Expectations At $40 Per Share

CoreWeave priced its initial public offering at $40 per share, below the expected range of $47 to $55, signaling investor caution despite demand for artificial intelligence-driven cloud computing services. The offering consists of 37.5 million shares, with CoreWeave selling 36.59 million and existing stockholders offloading 910,000 shares. The company granted underwriters a 30-day option to purchase up to an additional 5.63 million shares to cover over-allotments.