CoreWeave treads water in market debut after downsized IPO

Q: How long will it take to read this news story?

The story "CoreWeave treads water in market debut after downsized IPO" has 628 words across 23 sentences, which will take approximately 3 - 6 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "CoreWeave treads water in market debut after downsized IPO" was covered 4 days ago by Financial Times, a news publisher based in United States.

Q: How trustworthy is 'Financial Times' news outlet?

Financial Times is a fully independent (privately-owned) news outlet established in 1888 that covers mostly markets, finance, and investing news. The outlet is headquartered in United States and publishes an average of 7 news stories per day. It's most recent story was published 16 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #27469318</li><li>URL: https://beamstart.com/news/coreweave-treads-water-in-market-17434127415550</li></ul>

Financial Times 4d ago

CoreWeave treads water in market debut after downsized IPO - Financial Times

Quick Summary:

He said CoreWeave made a decision to “right size” its IPO on Thursday “so that we could bring in those investors that we thought would be the most supportive”.

Just under 80 per cent of CoreWeave’s $1.9bn revenue last year came from two customers, according to filings.

The majority of the shares were sold to just 15 buyers, one of which was Nvidia, according to Intrator.“I look at any book that is tightly held by large, long-term holders of our equity as a wonderful allocation . . .