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Nvidia-Backed CoreWeave's IPO Is Oversubscribed
CoreWeave Inc. and its investors are seeking to raise up to $2.7 billion in an initial public offering. The Nvidia-backed company is marketing the shares for $47 to $55 each. Ann Berry, Threadneedle Ventures managing partner, talks about opportunities in the IPO market on "Bloomberg Open Interest." (Source: Bloomberg)
And I think one of the key things on call we've in particular, they have seven and a half billion dollars of debt coming due pretty soon. Yes I think that it's been a great run for both of those and so I think the conventional wisdom would be people would have wanted to stick with them with the Mega-cap, I think there's been fear of missing the boat. And Ali, I think is indicative that they're willing to go into areas such as food delivery and grocery, which hasn't been tapped as heavily or their smaller bnpl players like ZIP have been going there.
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