Cerebras Seeks $3.5 Billion IPO at Up to $26.6 Billion Valuation
Cerebras is seeking to raise as much as $3.5 billion in a US initial public offering by selling 28 million shares at $115 to $125 each, in a deal that would value the artificial-intelligence chipmaker at as much as $26.62 billion. The offering would mark the company’s second attempt to go public.
The company, which also operates data centers, is pursuing the listing as it looks to counter rivals in the sector. Cerebras already has a $20 billion multi-year deal with OpenAI and has said Amazon plans to use its chips alongside Trainium.
From the sources (6 posts)
@cointelegraph⚡️ LATEST: Nvidia rival Cerebras Systems plans to raise up to $3.5B in an IPO per SEC filing.
@techmemeCerebras seeks a valuation of up to $26.62B in its US IPO, aiming to raise $3.5B by selling 28M shares at $115 to $125 apiece in its second attempt to go public (Reuters) (Visit Techmeme dot com for the link and full context!)
@polymarketmoneyCerebras is seeking to raise up to $3.5B in its U.S. IPO as the $NVDA rival looks to capitalize on AI chip demand. The company already has a $20B multi-year OpenAI deal and says $AMZN plans to use its chips alongside Trainium. https://t.co
@cnbcAI chipmaker Cerebras targets $3.5 billion raise in IPO
@wallstengineCerebras is seeking to raise as much as $3.5B in its U.S. IPO. The AI chipmaker already has a $20B multi-year deal with OpenAI and says Amazon plans to use its chips alongside Trainium.
@businessCerebras is seeking to raise as much as $3.5 billion in an IPO, as the artificial intelligence chipmaker and data center operator looks to counter rivals in the red-hot sector