CoreWeave prices IPO at $40 a share, below expected range

CoreWeave just pulled off the biggest U.S. tech IPO since 2021, raising $1.5 billion at $40 a share—despite trimming its offering from 49 to 37.5 million shares and falling short of its $55 target. Now valued around $19 billion, CoreWeave powers AI workloads with Nvidia GPUs and just landed an $11.9 billion deal with OpenAI. But here’s the twist for the paper packaging world: as AI infrastructure booms, so does demand for sustainable data center packaging—from fiber-based server crates to thermal-resistant corrugated designs. This IPO isn’t just tech history—it’s a packaging opportunity in the making.https://www.cnbc.com/2025/03/27/coreweave-prices-ipo-at-40-a-share-below-expected-range.html

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