Cerebras Prices $5.55 Billion IPO at $185 per Share
Cerebras Systems priced its initial public offering (IPO) at $185 per share, raising a record-breaking $5.55 billion this year and achieving a fully diluted valuation of $56.4 billion. The Sunnyvale-based AI chipmaker sold 30 million Class A shares with underwriters having the option to purchase an additional 4.5 million within 30 days.
Tickers: $NVDA
Topics: AI chips Cerebras Systems IPO Morgan Stanley Nvidia