2x Cerebras ETF Launches Within 24 Hours of Debut, Trades $42 Million in 70 Minutes
A 2x leveraged exchange-traded fund tied to Cerebras began trading under ticker CBRG within 24 hours of the AI chipmaker’s Nasdaq debut. The fund traded more than $42 million in about 70 minutes, an unusually brisk start for a newly launched ETF, according to ETF analysts.
The rapid rollout follows Cerebras’s blockbuster but volatile market debut. The company raised $5.55 billion by selling 30 million shares at $185 in the year’s biggest initial public offering so far. The stock opened at $350, briefly pushed the company’s market value above $100 billion and finished its first session at $311.07, up 68% from the offer price, before attention shifted to whether that valuation can be sustained.
From the sources (25 posts)
@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
@polymarketNEW: AI chipmaker Cerebras raises $5,550,000,000.00 in the biggest IPO of the year so far.
@yahoofinanceAI chipmaker Cerebras will begin trading on the Nasdaq today under the ticker symbol $CBRS at $185 per share. The listing is expected to mark the largest IPO of the year so far. “We’re feeling pretty good,” CEO @andrewdfeldman tells Yahoo
@wallstengineCerebras $CBRS shares are indicated to open up 96% at $363 in their Nasdaq debut, versus the $185 IPO price.
@stocksavvyshay$CBRS INDICATED OPEN AT $365/SHARE IMPLIES A ~$100B VALUATION
@businessCerebras shares are indicated to open 89% above their listing price, after the artificial intelligence chipmaker raised $5.55 billion in an upsized and hotly anticipated IPO
@stocksavvyshayThe long-awaited $CBRS IPO is here. I’ll be tracking it closely because Cerebras is attacking one of the biggest AI infrastructure bottlenecks by running massive models faster, cheaper and more efficiently as the market shifts from trainin
@zerohedge*CEREBRAS SHARES INDICATED TO OPEN AT $350, IPO PRICED AT $185
@mtsliveSITUATION UPDATE: Cerebras shares are indicated to open at $400, more than double the $185 IPO price, implying a market cap of approximately $86B. The company will raise $5.5B in the biggest IPO of the year so far.
@zerohedge*AI CHIPMAKER CEREBRAS SHARES SURGE 89% AFTER $5.55 BILLION IPO
@zerohedgeCEREBRAS SHARES INDICATED TO OPEN AT $400, IPO PRICE $185
@polymarketmoney$CBRS shares are indicated to open at $365, up nearly double from the $185 IPO price in their Nasdaq debut.
@deitaonesolana:4yEjcMiy6GAgrpWpUvhUXfaP1vQmJXfqJjEyxBSZpump - CEREBRAS SYSTEMS SHARES OPEN AT $350 IN NASDAQ DEBUT VS $185 IPO PRICE
@bloombergtvCerebras raised $5.55 billion in its US initial public offering, as the AI chipmaker seizes on the surging demand for semiconductors. Shares were priced to open 89% above their listing price. Here's what Cerebras CEO Andrew Feldman had to
@reutersChipmaker Cerebras indicated to open about 90% higher in US market debut
@theinformationCerebras priced its IPO at $185 a share, turning long waits into huge paper gains for early backers. Foundation Capital stands to make about 76x its investment, and Benchmark is in line for a return of more than $3 billion. More details
@stockmktnewzYou should expect the Cerebras $CBRS IPO to begin trading today around the middle of the day When you start to see the indicated open price range get smaller than $5 you are normally less than 30 minutes away