Morgan Stanley, JPMorgan Chase and Goldman Sachs organized a $1 billion-plus CoreWeave block trade after insiders at the artificial intelligence data center group sold their stakes for the first time since the company went public.
As the lock-up period expired late Thursday, selling shareholders included CoreWeave director Jack Cogen, who sold shares with a total market value of nearly $300 million, according to company filings. Shares were steady at about $100 by midday Friday, having fallen about 35 percent in the previous two days.
CoreWeave investors sell more than $1 billion of shares after IPO lock-up period ends
2025-08-18 05:22:52
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