A Much-Anticipated Tech IPO Is a Dud

Two hedge fund firms were big investors in previous equity and debt financings of the cloud-based company.

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The most anticipated tech-related IPO in recent memory has turned into a dud of sorts. And at least two well-known hedge funds are feeling the impact.

The Friday offering incorporated many of the buzzwords needed to reignite the IPO market given CoreWeave’s role in artificial intelligence and the fact that Nvidia, with which CoreWeave has a close relationship, is a major investor.

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