Cerebras Expands IPO to $4.8 Billion as Demand Continues to Build
Cerebras Systems expanded its initial public offering in an SEC filing, increasing the deal to 30 million shares at $150 to $160 each from 28 million shares at $115 to $125. The revised terms would allow the AI chipmaker and data center operator to raise as much as $4.8 billion and imply a valuation of up to $34.4 billion.
The filing formalizes an increase that had been signaled in earlier reports as investor demand continued to build. Orders were said to exceed the shares available by more than 20 times, prompting the larger share sale and higher price range ahead of the deal's scheduled May 13 pricing.
From the sources (19 posts)
@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
@stocktwits"I'm going to buy the heck out of this thing." 💸 @Buncahn explained on After Hours why he's interested in Cerebras, which is set to IPO this week 👀
@cnbcCerebras to raise IPO price range to $150 to $160 a share as demand surges, sources say
@reutersExclusive: Cerebras to raise IPO price range to $150-$160 as demand surges, sources say
@businessThe reported adjustment comes as the chipmaker saw strong demand from investors for its offering
@dnystedtCerebras Systems, the AI (giant) chip developer will raise its IPO price range to $150 - $160 as early as Monday on “surging interest ahead of its May 13 pricing”, Reuters reports. The prior range was $115 - $125 per share. The number of sh
@polymarketmoneyCerebras upsized its IPO to $150-$160 after reportedly drawing more than 20x demand. At the top of the range, the AI chipmaker would raise ~$4.8B making this one of the strongest public-market demand signals yet for a pure-play AI chip IP
@techmemeSEC filing: Cerebras upsizes its IPO to 30M shares at $150-$160 each, up from 28M shares at $115-$125, aiming to raise up to $4.8B at an up to $34.4B valuation (@csreinicke / Bloomberg) (Visit Techmeme dot com for the link and full context
@zerohedge*CEREBRAS SYSTEMS NOW SEEKS UP TO $4.8B IN IPO, SAW $3.5B nothing like a marketwide gamma squeeze to unlock some more IPO "value"
@businessCerebras increased the size of its initial public offering, now seeking to raise as much as $4.8 billion, as demand for the AI chipmaker and data center operator’s shares continues to build
@wallstengineCEREBRAS UPSIZES IPO TO $4.8B AFTER 20X DEMAND $CRBS filed to sell 30M shares at $150-$160 each, up from 28M shares at $115-$125. At the top of the new range, the AI chipmaker would raise roughly $4.8B, compared with $3.5B under the prior
@cnbcCerebras bumps up IPO range as it looks to raise up to $4.8 billion
@negligible_cap*CEREBRAS SYSTEMS NOW SEEKS UP TO $4.8B IN IPO, SAW $3.5B $CBRS now seeking almost $5B, between $150 - $160 per share, versus previous expectations of $3.5B. Polymarket giving CBRS a 90% chance of closing above $50B market cap. https://t.c
@kimmonismusall thanks to the cerebras deal i assume:
@kimmonismus@merlinaudio_ yeah and btw cerebras ipo incoming
@kimmonismusCerebras inference chips aim for the biggest IPO globally so far this year Cerebras Systems is reportedly preparing to lift both the size and price of its IPO after investor demand for the AI chipmaker’s shares surged, with orders said to
@josephjacks_Benchmark VII still owns > 20% of @cerebras who are > 20X oversold on their IPO. If it trades at even HALF of how Shanghai priced Moore Threads and Cambricon … it will be > $500 billion in < 2 years. This means @ericvishria ha