Nvidia-backed CoreWeave slashes IPO size and price amid investor concerns

CoreWeave is now looking to sell 23.5% fewer shares than originally planned, and price them at $40 per share—well below even the low end of the indicated range.

CoreWeave plans to reduce the size of its U.S. initial public offering and price its shares below the indicated range, a person familiar with the matter told Reuters on Thursday, dampening expectations that the listing would boost investor appetite for IPOs.