By coinnews 
00:00 Speaker A
CoreWeave getting hit with some sharp losses on its first full trading day. So we got a couple different IPOs to talk about here, um, some making news for good reasons. Others, not so much. CoreWeave obviously not impressing investors here, made its debut last week. Uh, under pressure. This is a cloud computing provider. Nvidia backed much talked about and discussed AI startup Christine. One stat that was interesting, Bloomberg noting that the 76 companies that have gone public this year in the red now, year to date, on a weighted average basis.
00:44 Speaker B
Yeah, this was supposed to be the year that IPOs returned with vengeance, right? It’s been weak the last couple of years. We haven’t really seen any meaningful, um, you know, IPOs since post Covid. Um, so this year was the environment was going to be right. Interest rates were going to come down. More companies were going to go public. And like you pointed out, not only not have not many gone public, I think I last I looked Q1, we saw about 90 companies going public. That is better than the last two Q1s, so we’re, we’re getting there. But when you see a reaction like this, it makes me think about other potential IPOs and how those looking to go public might take a step back and say, well, the, uh, the reception wasn’t great. So now maybe, and then plus all the companies getting private money. Look at open AI, Stripe. They have chosen not to go the public route, but in, in fact, just get private money. And so that seems to be the way some of these are going now. And certainly that something a story like the CoreWeave story within the AI space isn’t, isn’t going to help if you’re deciding if you’re the next to go.