US EditionCoreWeave valued at $23 billion in muted Nasdaq debut
- CoreWeave priced its initial public offering at $40 per share, raising $1.5 billion, and marking the largest tech public offering in the U.S. Since 2021.
- The valuation of CoreWeave settled around $19 billion, significantly lower than the initial target of $26.5 billion if shares sold for $55.
- Despite raising significant funds, CoreWeave reported a net loss of $863 million and faces nearly $7.5 billion in debt repayments by the end of next year.
- CoreWeave aims to strengthen its position in AI infrastructure, facing significant competition from major companies like Amazon and Microsoft.
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67 Articles
67 Articles
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Left
6
Center
13
Right
7
Coverage Details
Total News Sources67
Leaning Left6Leaning Right7Center13Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 23%
C 50%
R 27%
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