CoreWeave, Inc. IPO debut falls flat, shares priced at $40, below estimated range.

From StockTwits: 2025-03-31 01:24:00

CoreWeave, Inc.’s IPO debut fell flat, with shares priced at $40 each, below the estimated range of $45-$55. The offering is expected to close on March 31, raising $1.5 billion and valuing CoreWeave at $19 billion based on 473.48 million shares outstanding. However, the valuation could reach $23 billion on a fully diluted basis. CoreWeave faces risks as tech giants reevaluate AI spending, with 77% of 2024 revenue coming from two customers, including Microsoft. Despite mixed opinions from retailers, Cathie Wood’s Ark Invest bought shares, showing confidence in the company.



Read more at StockTwits: Retail’s Mixed On 2025 Outlook For Stock