Exclusive: Cerebras to Raise IPO Price Range to $150-$160 as Demand Surges, Sources Say
Orders for Cerebras shares have topped 20 times the available stock as the chipmaker prepares to price its IPO next week.
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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 …
Cerebras to raise IPO price range to $150-$160 as demand surges
Cerebras Systems plans to increase its IPO size and price. Demand for its artificial intelligence chips is surging. The company is considering a higher share price and more shares for its public offering. This move follows strong adoption of AI technology. Cerebras' processors are in high demand for AI model deployment.
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