'Nvidia to anchor CoreWeave IPO at $40 a share, source says'

 

• Nvidia is aiming to anchor CoreWeave's initial public offering at $40 a share with a $250 million order, according to a person familiar with the matter.
• Nvidia is already a significant customer of CoreWeave, which rents out remote access to computers based on Nvidia's AI chips.
• CoreWeave's anticipated offering has come as a welcome sign for the IPO market.

Nvidia is aiming to anchor CoreWeave's initial public offering at $40 a share with a $250 million order, according to a person familiar with the matter.

The company initially filed the offering at $47 to $55 per share. The source told CNBC's Leslie Picker that CoreWeave hasn't made a final decision on downsizing but conversations have happened with investors about a smaller deal.

https://www.msn.com/en-us/money/markets/nvidia-to-anchor-coreweave-ipo-at-40-a-share-source-says/ar-AA1BM8hN