SOTS 2nd Hour: CoreWeave IPO, Lulu’s Consumer Warning, Trump vs. Big Law 3/28/25

CoreWeave set to go public on the NASDAQ today – in the street’s biggest U.S. tech offering since 2021… David Faber, Carl Quintanilla, and Courtney Reagan broke down the latest indications this hour - and talked expectations ahead of the first trade with a Senior Managing Partner from Magnetar (the largest institutional investor in CoreWeave; they’re set to own ~29% of Class A shares after the offering). Plus, the latest from the ground at the NASDAQ with their Head of Capital Markets.   Also in focus: Lululemon’s consumer warning – the team had a bull/bear debate about what to do with shares after tough guidance last night; and the latest out of Washington, as President Trump’s battle with ‘Big Law’ grows… and Evercore’s Senior Chairman & Founder Roger Altman says the move is bad for business.   Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.