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Sector Update: Tech Stocks Mixed Late Afternoon
Catalyst Watch: China Trade Talks, Walmart Earnings, and Take-Two on the GTA Hot Seat
Sector Update: Tech
United Airlines, CoreWeave Seeks Debt Deal, Panasonic Layoffs
Insufficient IPO funding, CoreWeave (CRWV.US) is negotiating a $1.5 billion debt financing.
According to foreign reports, CoreWeave (CRWV.US), which went public on the US stock market at the end of March, has significantly reduced the scale of its initial public offering and raised insufficient funds. CoreWeave is discussing raising approximately 1.5 billion USD through debt financing. The initial fundraising target for CoreWeave's listing was 4 billion USD, but following the announcement by US President Trump on April 2 to impose additional tariffs, the US stock market experienced significant fluctuations, weakening investor interest in high-risk Assets, and the company raised only 1.5 billion USD by the end of March.
CoreWeave Reportedly Looks to Raise $1.5B in Debt as IPO Disappoints