Cerebras Prices IPO at $185 Above Range in $5.6 Billion Offering
Cerebras priced its US initial public offering at $185 a share, above the marketed $150 to $160 range, raising about $5.6 billion and valuing the AI chipmaker at $56.4 billion on a fully diluted basis. The 30 million-share offering is expected to begin trading Thursday under the ticker CBRS.
The final price caps a rapid revision higher in the deal terms. Cerebras had already increased the IPO from 28 million shares at $115 to $125 each to 30 million shares at $150 to $160, and orders were reported to exceed the shares available by more than 20 times, underscoring strong investor demand for AI semiconductor listings.
From the sources (21 posts)
@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
@wallstengineOPENAI STANDS TO HOLD ~$2.6B IN COREWEAVE AND CEREBRAS STOCK $CRWV gave OpenAI $350M of stock tied to an $11.9B cloud-services contract CoreWeave shares have nearly tripled since IPO, lifting OpenAI’s stake to about $1.2B $CRBS gave Open
@yahoofinanceCerebras has raised its IPO target to $4.8 billion amid surging demand for AI chips. "It shows us that the AI trade is very strong," Rainmaker Securities managing director Greg Martin says.
@businessCerebras is guiding prospective investors that it expects to price its IPO above the top of its marketed range, according to sources, as demand soars for the chipmaker’s stock
@businessCerebras expects to price its US initial public offering at $185 per share, according to people familiar with the matter, as the artificial intelligence chipmaker seizes on the surging demand for semiconductors
@edludlowHearing Cerebras poised to price its IPO at $185/share. still 30mn shares reporting @TheTerminal with @BTLipschultz @Anthug
@stockmktnewzAI CHIPMAKER CEREBRAS JUST PRICED ITS IPO AT $185 PER SHARE, ABOVE THE $150-$160 MARKETED RANGE Cerebras will begin trading tomorrow sometime during the middle of the day under the ticker $CBRS
@cnbcCerebras prices IPO above expected range, as Wall Street braces for AI tsunami
@dnystedtRT @IPONewsroom_: JUST IN: AI CHIPMAKER CEREBRAS JUST PRICED ITS IPO AT $185 PER SHARE, ABOVE THE $150-$160 MARKETED RANGE The order book…
@techmemeSource: Cerebras priced its IPO at $185 per share, above the expected range of $150 to $160, raising at least $5.55B and valuing it at $56.4B fully diluted (@jordannovet / CNBC) (Visit Techmeme dot com for the link and full context!)
@mtsliveCerebras is about to test how hungry the market is for a public Nvidia alternative. @amitisinvesting says the IPO is coming into a perfect setup: inference is becoming the center of the story, and the deal is reportedly 20x oversubscribed