NEW YORK, May 14 — US chip startup Cerebras Systems announced that its listing on Wall Street will start Thursday at US$185 per share, raising about US$5.5 billion, the largest...

Elon Musk was open to having OpenAI merge with Cerebras. Now Cerebras is looking at going public as soon as this week.

Cerebras Systems upsized its IPO to 30 million shares at $150-$160 each, targeting $4.8B with a $33B valuation as the book was oversubscribed roughly 20x.

Company raised $5.55bn from sale of 30 million shares

Share price above the expected range

Cerebras Systems, the AI chipmaker rival to Nvidia, is set to raise more than $5.5bn after pricing its US IPO at $185 per share.

It topped expectations that were already high.

Cerebras starts trading on Nasdaq Global Select Market on Thursday under the ticker symbol 'CBRS'.