Cerebras Systems Raises $5.5 Billion in IPO, Stock Surges Over 100% on First Day
Cerebras Systems raised $5.5 billion through its initial public offering (IPO) and saw its stock price surge by over 108% on the first day of trading. The company priced shares at $185, significantly above its revised range, with retail investors driving up demand to open at $385 per share.
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Topics: AI chips Cerebras Systems IPO stock price surge