From Yahoo Finance: 2025-03-28 14:02:00

Shares of CoreWeave (CRWV) opened at $39 per share on Nasdaq, slightly below its $40 IPO price. The cloud computing firm raised $1.5 billion from selling 37.5 million shares, making it the largest tech offering since 2021. Nvidia placed a $250 million order in the offering.

Experts were skeptical about CoreWeave’s IPO success due to its large debt, reliance on few customers, and lack of revenue diversity. Bloomberg columnist Dave Lee highlighted these concerns, calling CoreWeave a bellwether for the AI industry. The current risk-off environment in the U.S. from recent tariffs may have also impacted the IPO.

Read more: CoreWeave Stock Debuts at $39 After Selling Shares for $40 A Piece