CoreWeave prices IPO at $40 a share, below expected range
1. CoreWeave IPO priced at $40, raising $1.5 billion. 2. Valuation reduced to approximately $19 billion from $26.5 billion. 3. Nvidia plans a $250 million investment in CoreWeave. 4. Revenue surged 700% last year, but net loss was $863 million. 5. CoreWeave secured an $11.9 billion contract with OpenAI.