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Michael Intrator, Founder & CEO of CoreWeave, Inc., Nvidia-backed cloud services provider, speaks during the company's IPO at the Nasdaq Market, in New York City, U.S., March 28, 2025. REUTERS/Brendan McDermid
Michael Intrator, Founder & CEO of CoreWeave, Inc., Nvidia-backed cloud services provider, speaks during the company's IPO at the Nasdaq Market, in New York City, U.S., March 28, 2025. REUTERS/Brendan McDermid
Home » News » Business & Economy » Nvidia-backed CoreWeave's shares open nearly 3% lower in market debut
Business & Economy

Nvidia-backed CoreWeave's shares open nearly 3% lower in market debut

by Reuters

(Reuters) – CoreWeave’s shares opened nearly 3% below their initial public offering price on the Nasdaq on Friday.

The Nvidia-backed AI infrastructure firm was valued at $22.7 billion on a fully diluted basis.

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(Reporting by Manya Saini in Bengaluru; Editing by Shounak Dasgupta)

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Reuters
Information you can trust. Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. (c) 2025 Thomson Reuters

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