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CoreWeave Debt Prices Plummet Amid Neocloud Crisis
4 min read
CoreWeave debt prices fell sharply on Oct. 20 as investors reacted to a failed South Korean neocloud IPO. The Elice Group shares plunged over 32% on its debut, while CoreWeave's 9.75% senior notes tumbled to a 79.25 context. Analysts warn the company may deplete its options in the debt markets due to rising yields and default risk.
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