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

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

29 Mar 2025 01:22AM (Updated: 29 Mar 2025 01:25AM)

CoreWeave’s shares opened nearly 3 per cent 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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