Investing.com -- NASDAQ-listed CoreWeave (NASDAQ: CRWV) has reportedly scaled back the size of its intended initial public offering (IPO) to 37,500,000 shares, and will price these shares below the initially planned range, at $40 each, according to a Reuters report from early Thursday.
Previously, the company had plans to offer a larger number of shares, 49,000,000, within a price range of $47 to $55 per share.
The company had previously named Morgan Stanley (NYSE:MS), J.P. Morgan, and Goldman Sachs & Co (NYSE:GS). LLC as the joint lead bookrunners for this proposed offering. Other financial institutions, including Barclays (LON:BARC), Citigroup (NYSE:C), MUFG, Deutsche Bank (ETR:DBKGn) Securities, Jefferies, Mizuho, Wells Fargo (NYSE:WFC) Securities, and BofA Securities, were also announced as joint bookrunners.
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