Cerebras to raise IPO price range to $150 to $160 a share as demand surges, sources say​​​​​​​​​​​​​​​​

CNBC Top News ·

Cerebras to raise IPO price range to $150 to $160 a share as demand surges, sources say​​​​​​​​​​​​​​​​

Nikolas Kokovlis | Nurphoto | Getty Images Cerebras Systems is set to raise the size and price of its initial public offering as soon as Monday, as demand for the artificial intelligence chipmaker's …

Nikolas Kokovlis | Nurphoto | Getty Images Cerebras Systems is set to raise the size and price of its initial public offering as soon as Monday, as demand for the artificial intelligence chipmaker's shares continues to climb, two people familiar with the matter told Reuters on Sunday. The company is considering a new IPO price range of $150 to $160 a share, up from $115 to $125 a share, and raising the number of shares marketed to 30 million from 28 million, said the sources, who asked not to …

Original source: CNBC Top News

Mentioned

Nvidia · Reuters · Nurphoto · California · United States · Morgan Stanley · Bloomberg News