Nvidia-backed CoreWeave prices downsized U.S. IPO at $40 per share

Nvidia-backed cloud computing firm CoreWeave said on Thursday it had priced its initial public offering at $40 per share, compared with the earlier range of $47 to $55 per share.

The IPO size was also reduced to about 37.5 million shares, compared with the 49 million shares that CoreWeave and some existing investors had planned to sell earlier.