Investing.com -- CoreWeave, a major technology company, is reportedly preparing to reduce the size of its US initial public offering (IPO) to approximately $1.5 billion. This information was shared by Bloomberg, citing an individual close to the matter, who has chosen to remain anonymous due to the private nature of the information.

The company is planning to revise the terms of the deal to offer around 37.5 million shares at a price of $40 each. This is a significant change from the original terms, which proposed a sale of 49 million shares priced between $47 and $55 each.

The new terms of the offering are expected to be announced later on Thursday, as informed by the anonymous source.

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