CoreWeave Adjusts IPO Plans Amid Valuation Concerns

According to Foresight News, AI supercomputing company CoreWeave is set to reduce the size of its initial public offering (IPO) and lower its offering price. The company's valuation is expected to align more closely with its previous private market valuation of $23 billion, rather than the approximately $30 billion it initially sought. This adjustment reflects the company's strategic response to current market conditions.