Trump was supposed to do with

It was not supposed to decrease like this.

Trump’s presidency was appointed to enter the money rush to the markets, driven by a new era of standard cancellation and low taxes Calm in preliminary public offers.

Goldman Sachs CEO David Suleiman He said in January He sensed a “more structural type of optimism” and that the public subscription market “will pick up”.

But just over two months President Donald Trump The term second White House, the first test was fluctuated.

After reducing the size of the public subscription late Thursday and the prices without its expected scope, Coruv He was It has not changed in its first appearance on the market On Friday, it was closed at $ 40 and left the company to a maximum of the market located in the place where the company was estimated by investors from the private sector a year ago.

The first appearance coincided with 2.7 % Disclosure on the Nasdak Stock Exchange On Friday, the heavy technology index decreased by more than 10 % in 2025 and the worst semester performance since mid -2012.

The total concerns are led by President Trump Definitions On the best commercial partners in America and discounts in governmental costs, movements are raised to raise prices at the same time Raise unemployment. the Consumer feeling deterioration It was worse than he was expected in March with intensification of fears of inflation, according to the Michigan University surveyed on Friday.

This all created a difficult background for Coreweave to try to open the public subscription market, especially given and evaluate concerns about the company. Coreove is one of the main suppliers of Nafidia Graphics processing units, or graphics processing units, for artificial intelligence training and work burdens. The demand was so hot that Corween’s revenues increased more than 700 % last year to nearly $ 2 billion.

However, Coreove is considered on Microsoft For more than 60 % of sales and recorded a net loss of $ 863 million last year, due to the huge costs of GPU and expenses associated with rental and operating data centers. As of December 31, the company had $ 8 billion of debt.

Joe Medvev, the partner in Lirer Hibo, told CNBC “Money MOVERS” on Friday “from the disappointing somewhat that the price has decreased significantly in the open. “This company has some privacy on debt levels and revenue concentration that I think makes it a little confrontation.”

Other companies related to technology that submitted to the public this year have very different profiles. The health detailed It is a digital health company that uses programs to help patients treat pain and injuries, while clear It is an online lender and Stubhub Manage the ticket market.

These are a few of the names that investors are waiting for to see the beating of the market in the near future, in the hope of recovery after the general subscriptions of technology stopped in late 2021 and have not been picked up since then. according to CB visionsThere are more than 1,200 startups all over the world at a value of at least one billion dollars in the private market. More than 50 of them worth $ 10 billion or more.

Despite the scarcity of subscriptions, the higher startups managed to raise money from hedge funds, private stock companies and sovereign wealth funds, which all jumped to the late investment capital game. In addition, MegacAP technology companies including Microsoft, Googleand Amazon And NVIDIA (one of the main investors in Coreweave) has poured billions of dollars in private AI companies.

“If you are the founders or executives of these companies, you do not want to deal with public markets. There is a lot of demand from these buyers from the private sector.” “There are not many incentives out.”

Coreave can be fine. The stock can appear at any time and the broader market can recover in the second quarter, raising the confidence of investors in subscribers. Coreeave benefits from about $ 1.5 billion in the new capital from selling shares, although this is much lower It ranges.

However, the reception ceremony contradicts starkly with how subscription subscriptions appear during the years of the 2020 and 2021 records, when the technology companies are raised, the price is above the upper limb and still sees Stock leap In her first appearance.

Corner CEO and co -founder Michael Inrazer Tell CNBC The public subscription pricing in the company reflects “many opposite winds in the macro”.

“We believe that with identifying public markets, learn how to implement us, learn how to build our infrastructure, and learn how to build our customer relationships and the amazing ability of our solutions, the company will be very successful,” Intrator said.

He watches: Coreave shares start trading after the opening at $ 39 per share