CNBC | Nvidia-backed CoreWeave closes flat at $40 after biggest U.S. tech IPO since 2021

The offering has captured the attention of investors from Wall Street to Silicon Valley, as CoreWeave represents the first pure-play AI IPO and the largest tech debut in the U.S. in four years. The IPO market has been largely shut since the end of 2021, as the tech industry reckoned with rising inflation and interest rates.

Research data from Jay Ritter informs this story from CNBC.