Investing.com -- NASDAQ-listed CoreWeave (NASDAQ: CRWV) has reportedly scaled back the size of its intended initial public offering (IPO) to 37,500,000 shares, and will price these shares below the initially planned range, at $40 each, according to a Reuters report from early Thursday.

Previously, the company had plans to offer a larger number of shares, 49,000,000, within a price range of $47 to $55 per share.

The company had previously named Morgan Stanley, J.P. Morgan, and Goldman Sachs & Co (NYSE: GS ). LLC as the joint lead bookrunners for this proposed offering. Other financial institutions, including Barclays, Citigroup (NYSE: C ), MUFG, Deutsche Bank Securities, Jefferies, Mizuho, Wells Fargo Securities, and BofA Securities, were also announced as joint bookrunners.

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