CoreWeave shares bounce 12%, rising above IPO price
1. CoreWeave shares rose over 10% after opening at $39. 2. Stock fell below IPO price of $40 amidst macroeconomic uncertainty. 3. Company's revenue grew 737% last year, yet reported a net loss of $863 million. 4. CoreWeave's IPO is the largest for a U.S. tech company since 2021. 5. Investor confidence remains low despite hopes for improved IPO conditions.