Cerebras has priced its IPO at $185 a share, with the company expecting to net $5.5 billion from the sale of 30 million shares of its Class A common stock.
The pricing was above the expected range, and an increase on the price that the wafer-scale chip and cloud services company had previously mooted.
– Ben Wodecki/SDxCentral
On May 4, just over two weeks after Cerebras filed to go public, the company said it was looking to sell 28 million shares at $115 to $125 per share.
A week later, this offering was increased to 30 million shares at an expected range of between $150 and $160 a share.
