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CoreWeave prices IPO at $40 a share, below expected range
- CoreWeave prices IPO at $40 a share, below expected range.
- CoreWeave raised $1.5 billion in the IPO, becoming the biggest US tech offering since 2021.
- The company's valuation is now closer to $19 billion, with a fully diluted market cap still higher.
- CoreWeave counts Microsoft as its biggest customer and has announced a contract with OpenAI worth up to $11.9 billion.
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