Investopedia|1 minute read
CoreWeave Stock: IPO Rollercoaster Ends Flat at $40
TL;DR
CoreWeave, the Nvidia-backed tech company, made headlines as its stock finished its first trading session at $40, the same as its IPO price. Despite initial excitement, the trading day ended flat, raising eyebrows in the investment community. Here's what you need to know:
- First Trading Session: CoreWeave's shares debuted at $40.
- Market Reaction: Shares remained flat throughout the day.
- Significance: This marks the largest U.S. tech IPO since 2021.
- Investor Sentiment: Analysts are watching closely for the next moves.
Read on for the full story.