Cerebras Eyes $125-$135 IPO Range as Demand Exceeds 20 Times Shares Offered
Cerebras Systems is set to increase the price range for its initial public offering as soon as Monday, with the artificial-intelligence chipmaker expected to market shares at $125 to $135 each, according to people familiar with the matter. The offering is more than 20 times oversubscribed, indicating demand for the deal continues to build.
The revised terms add a new sign of momentum to Cerebras's planned listing after earlier reports that it was preparing to go public next week. Cerebras makes wafer-scale AI chips for inference workloads, and OpenAI had previously been identified as an anchor partner under a large take-or-pay contract tied to the offering.
From the sources (6 posts)
@matthew_sigel
@matthew_sigelCerebras Systems ($CBRS) makes massive wafer-scale AI chips built for super-fast inference. Unlike GPUs, their chip keeps the entire model memory on-chip for lower latency on real-time workloads. IPO'ing next week w/ a huge OpenAI take-or-
@youshenlimCerebras heads for $26.6B+ IPO with OpenAI as key partner. The AI chip maker is betting specialized hardware will break NVIDIA's dominance in AI infrastructure. Could reshape who powers the next generation of models.
@negligible_cap*AI CHIPMAKER CEREBRAS SAID TO PLAN IPO PRICE INCREASE MONDAY $CBRS expects to price their IPO on Monday at a range of $125 - $135 / share. The IPO is apparently more than 20x oversubscribed. This is going to be a hot one
@financialjuiceAI chipmaker Cerebras said to plan IPO price increase Monday. Cerebras is said to expect IPO price range of $125-$135/share Cerebras IPO is more than 20 times oversubscribed - sources
@businessCerebras Systems is set to increase the price range of its initial public offering as soon as Monday, according to people familiar with the matter, as demand for the artificial intelligence chipmaker’s shares continues to build. https://t.c