Cerebras seeks to raise $3.5 billion in US IPO, pricing shares at $115–$125
AI chip maker Cerebras Systems launched its IPO roadshow targeting a share price of $115–$125 per share, which would raise approximately $3.5 billion and value the company at around $16 billion. Cerebras designs wafer-scale processors optimized for AI inference workloads, with OpenAI as a key customer. Bloomberg, Reuters, and CNBC reported on the roadshow launch.
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The share sale could give the company a valuation of up to $24.5 billion, compared with $23 billion as of February.
Cerebras Systems Inc. is seeking to raise as much as $3.5 billion in an initial public offering, as the artificial intelligence chipmaker and data center operator looks to counter rivals in the red-hot sector.
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