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CEREBRAS RAISES IPO PRICE RANGE ON MASSIVE DEMAND

AI chip maker Cerebras Systems is increasing its initial public offering price range to $125-$135 per share, up from $115-$125, after drawing orders exceeding 20 times the available shares.

6 SOURCESFIRST SEEN MAY 8, 06:55 PM► READ THE ARTICLE

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Sources: Isomorphic Labs, an AI-powered drug discovery company spun out of Google DeepMind, is in advanced talks to raise $2B+ led by Thrive Capital (Bloomberg)

Bloomberg: Sources: Isomorphic Labs, an AI-powered drug discovery company spun out of Google DeepMind, is in advanced ta…

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Sources: Cerebras plans to raise its IPO price range from $115-$125 per share to $125-$135 after drawing orders for more than 20x the number of shares available (Bloomberg)

Bloomberg: Sources: Cerebras plans to raise its IPO price range from $115-$125 per share to $125-$135 after drawing orde…

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Sources: Cerebras plans to raise its IPO price range from $115-$125 per share to $150-$160 per share, potentially raising ~$4.8B at the top of the new range (Echo Wang/Reuters)

Echo Wang / Reuters: Sources: Cerebras plans to raise its IPO price range from $115-$125 per share to $150-$160 per shar…

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Sources: Arm and SoftBank expressed preliminary interest in acquiring Cerebras weeks before its expected IPO; Cerebras rebuffed them (Bloomberg)

Bloomberg: Sources: Arm and SoftBank expressed preliminary interest in acquiring Cerebras weeks before its expected IPO;…

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Cerebras shares closed up 68% at $311.07 in the company's Nasdaq debut after it raised $5.5B in the year's largest IPO, giving it a market value of $67B (Bloomberg)

Bloomberg: Cerebras shares closed up 68% at $311.07 in the company's Nasdaq debut after it raised $5.5B in the year's la…

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