CoreWeave, IPO
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The last-minute price shift followed news from Microsoft earlier in the week that they were scaling back demand for data center growth.
From Money Morning
The AI startup had priced its offering at $40 a share late Thursday, well below the $47 to $55 range it had been targeting.
From Wall Street Journal
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CoreWeave's debut has been eagerly awaited by investors as a sign of the strength of the AI trade as well as the appetite for new IPOs.
Bain Capital is preparing the way for the airline to return to the ASX after five years, with the carrier’s management meeting prospective investors on Tuesday.
AI cloud firm CoreWeave's first day on public markets was a dud, but experts warn against drawing conclusion about the health of the AI and data center sectors.
The Register on MSN2d
CoreWeave cools its jets, downsizing IPO as investor heat fadesThat stands for I Probably Overestimated? CoreWeave has pared back the scope of its initial public offering amid growing investor uncertainty in an overheating AI marketplace and risks posed by the GPU cloud specialist's exposure to a small number of customers.
One analyst says investors seem to be taking issue with CoreWeave specifically, which he views as 'nothing more than a highly leveraged, off-balance-sheet arrangement for Nvidia' CoreWeave Inc.'s ...
"Retail investors will be drawn to (CoreWeave) as they continue to look for other avenues of returns away from the potentially lackluster performance of the MAG7 (Magnificent Seven) stocks," Josef Schuster, CEO of IPO research firm IPOX, said.
Maynilad Water Services and its appointed bankers will meet with domestic and international investors to rope them in as cornerstone investors.