💨 Abstract

Nvidia-backed cloud computing firm CoreWeave reduced its initial public offering (IPO) price to $40 per share from the earlier range of $47 to $55 per share. The IPO size was also reduced to about 37.5 million shares from the initial plan of 49 million shares. The report was generated by Reuters news service.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖