Cerebras is taking advantage of a bull market for silicon, as the chipmaker becomes one of the most notable pureplay AI IPOs to date.
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Cerebras Systems
soared in its Nasdaq debut on Thursday, opening at $350 after selling shares at $185, well above the company's expected range. That values the chipmaker at over $100 billion.
The company sold 30 million shares in its offering late Wednesday, raising $5.55 billion, the largest IPO for a U.S. tech company since Uber's
debut in 2019. If underwriters exercise their option to buy 4.5 million additional shares, total proceeds could reach $6.38 billion.
The offering is one of the largest U.S. tech IPOs in years and is seen as a wider stress test for a wave of AI listings Wall…
Cerebras debuts on Nasdaq above $100 billion as its wafer-scale AI chip, OpenAI deal and AWS partnership reshape the race for…
Cerebras raised $5.55 billion in its IPO, and with the chipmaker's offering, investors are gearing up for some even bigger AI…
Cerebras closed its first day of trading with a market cap close to $100 billion and turned two co-founders into billionaires in…
Cerebras stock (CBRS) price today: Cerebras makes a remarkable Nasdaq debut with a 90% stock surge, signaling intense investor…
The share sale could give the company a valuation of up to $24.5 billion, compared with $23 billion as of February.
