The actions of Coreweave (CRWV) opened at $ 39 each during the start of the company on the Nasdaq Friday afternoon, just under its first public call to Public which closed Thursday evening.
The Cloud Computing company had sold approximately 37.5 million shares at $ 40 each, which collected around 1.5 billion dollars for its initial public offer (IPO), which makes it the largest technological offer since 2021. However, it had however initially planned to submit the offer at $ 47 at $ 55 per share to a much higher assessment than this ultimately seen.
Nvidia, a first investor in the company, placed an order of $ 250 million in the offer.
Some experts have hypothesized that the beginnings of the action would not see the success he hoped for. Bloomberg Opinion US Technology’s columnist, Dave Lee, for example, stressed that the important debt of the company, the use of a few large customers and the lack of diversity of income can be a problem.
“Coreweave should be a Belwether for the AI industry as a whole – an essential stock while questions about the return on investment are growing more and more,” Lee wrote in an editorial on Friday. “Even the slightest indication of tremor in AI’s belief sends investors in a fall.”
The current risk environment caused by the global macro situation in the United States, mainly due to the recent prices imposed by US President Donald Trump, who caused a sale in technological shares, could also have weighs on the IPO of Coreweave.
