Cerebras Expects IPO Above $160 as Investor Demand Builds Further
Cerebras is guiding prospective investors that its initial public offering could price above $160 a share, topping the high end of its marketed range, according to sources. The latest shift comes after the AI chipmaker increased the deal to 30 million shares at $150 to $160 each, targeting as much as $4.8 billion.
Investor appetite for the offering has continued to build as demand for AI-chip stocks remains strong. The IPO has been reported as more than 20 times oversubscribed, and Rainmaker Securities Managing Director Greg Martin said the higher target shows "the AI trade is very strong."
From the sources (19 posts)
@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
@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