Cerebras Increases IPO Price Range Targeting $4.8 Billion in Proceeds
Artificial intelligence chipmaker Cerebras Systems has raised its initial public offering (IPO) price range to between $150 and $160 per share, aiming for up to $4.8 billion in proceeds. The company could be valued at as much as $48.8 billion on a fully diluted basis if the IPO is priced at the top of its new range.
Topics: Cerebras Systems Elon Musk IPO OpenAI valuation