Cerebras Targets $3.5 Billion IPO Raise with Share Price Range of $115 to $125
AI chipmaker Cerebras is planning an IPO on the Nasdaq, aiming to raise up to $3.5 billion by selling 28 million shares at a price range of $115 to $125 each. The company's valuation could reach $26.6 billion, up from $23 billion in February. Cerebras' AI chips serve as an alternative to Nvidia's GPUs, and the company reported a 76% year-over-year revenue increase in Q4.
Topics: AI Chips AI Computing Cerebras IPO Nasdaq Venture Capital