CoreWeave closed flat after a volatile trading debut after the data centre operator downsized its initial public offering over concerns about its business model and waning exuberance in groups linked to artificial intelligence.
The company’s shares ended Friday at $40, having fallen as low as $37.46 as it started trading on the Nasdaq Stock Market following the largest US tech IPO since chipmaker Arm Holdings went public in September 2023.
CoreWeave raised $1.5bn when it floated its shares at $40 a piece on Thursday evening. It had initially targeted raising $4bn and dropped that figure to $2.7bn when it began a roadshow to generate interest for its shares last week.
您已阅读21%（675字），剩余79%（2594字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。