Trump was supposed to unlock IPO market, but CoreWeave debut reflects ongoing skepticism
1. CoreWeave's IPO struggled, pricing below expectations and closing at $40. 2. Economic downturns and inflation concerns impacted consumer sentiment and the IPO market. 3. Despite a 700% revenue growth, CoreWeave faces significant debt and customer concentration risk. 4. The overall tech IPO market remains sluggish, affecting investor confidence. 5. CoreWeave secured $1.5 billion in fresh capital but had expected $2.7 billion.