CoreWeave IPO investors sitting on big gains get chance to sell

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CoreWeave‘s March initial public offering has been a roaring success for anyone lucky enough to get in at the start. The stock more than quadrupled by mid-June. Even after a recent selloff, the shares are still up nearly 150%.

The problem, though, is most of those early investors haven’t been able to cash in.

That changes Friday for holders of more than 80% of CoreWeave’s Class A shares, with the IPO lockup expiring two days after its second earnings release as a public company. The stock plunged 33% in those two days, in part, analysts say, in…



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CoreWeave IPO investors sitting on big gains get chance to sell



CoreWeave‘s March initial public offering has been a roaring success for anyone lucky enough to get in at the start. The stock more than quadrupled by mid-June. Even after a recent selloff, the shares are still up nearly 150%.

The problem, though, is most of those early investors haven’t been able to cash in.

That changes Friday for holders of more than 80% of CoreWeave’s Class A shares, with the IPO lockup expiring two days after its second earnings release as a public company. The stock plunged 33% in those two days, in part, analysts say, in…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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