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CoreWeave Raises $1.5 Billion in Downsized IPO Below Price Target [Yahoo! Finance Canada]

NVIDIA Corporation (NVDA)  More Company Research Source: Yahoo! Finance Canada
Last nvidia corporation earnings: 2/13 04:20 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.nvidia.com/home/default.aspx
Most Read from Bloomberg The cloud-computing provider sold 37.5 million shares at $40 apiece, according to the person, who asked not to be identified because the information is private. That's down from an initial plan of 49 million shares at $47 to $55 each that could have raised as much as $2.7 billion. Nvidia Corp., an existing investor in CoreWeave, is anchoring the share sale with an order of about $250 million, the person said. Representatives for CoreWeave and Nvidia declined to comment. Livingston, New Jersey-based CoreWeave was at one time looking to raise about $4 billion from its listing and target a valuation greater than $35 billion. That was before the broader stock market slumped and volatility dented optimism. At the revised range, CoreWeave would have a value of about $23 billion on a fully diluted basis. Led by co-founder and Chief Executive Officer Michael Intrator, CoreWeave was started in 2017 as a crypto mining firm. It was an early adopter of Nvidia's g [Read more]
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