Cerebras to raise IPO price range to $150-$160 as demand surges: Report
Orders for Cerebras shares have topped 20 times the available stock as the chipmaker prepares to price its IPO next week.
- Cerebras Systems is set to increase its IPO price range to $150 to $160 a share, raising the offering size to 30 million shares ahead of May 13 pricing.
- Surging AI adoption has driven demand for high-performance chips, allowing the company to raise roughly $4.8 billion, up from the original $3.5 billion term.
- Demand for the offering has reached more than 20 times the available shares, with the deal led by Morgan Stanley, Citigroup, Barclays and UBS Group.
- The listing would be the biggest IPO globally so far this year, marking Cerebras' second attempt to go public following a 2024 filing the company pulled last year.
- With customers including Amazon and OpenAI, the chipmaker overcame a national security review regarding its partnership with UAE-based G42, focusing on chips specialized for AI inference.
17 Articles
17 Articles
Cerebras Challenges Nvidia’s Chip Dominance with Highly Hyped IPO
Cerebras is on track to pull off the biggest tech IPO of the year so far. Among all listings, it’s only second to the combined debut last month of Bill Ackman’s Pershing Square Inc. and Pershing Square USA Ltd. The AI chipmaker on Monday said it plans to list its shares for $150 to $160 each, a jump it made based on high demand from its previous pricing of $115 to $125 a share. Altogether, its 30 million shares could bring in up to $4.8 billio…
AI Chipmaker Cerebras Systems Seeks $4.8 Billion in Upsized IPO
Cerebras Systems Inc. increased the size of its initial public offering, now seeking to raise as much as $4.8 billion, as demand for the artificial intelligence chipmaker and data center operator’s shares continues to build.
Exclusive: Cerebras to raise IPO price range to $150-$160 as demand surges, sources say
Cerebras Systems is set to raise the size and price of its initial public offering as soon as Monday, as demand for the artificial intelligence chipmaker’s shares continues to climb, two people familiar with the matter told Reuters on Sunday.Read MoreThe post Exclusive: Cerebras to raise IPO price range to $150-$160 as demand surges, sources say first appeared on The Who Dat Daily.The post Exclusive: Cerebras to raise IPO price …
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