Home » IPO

Tag: IPO

Post
Chip Startup Cerebras Hits $80 Bn In Value In Stock Debut

Chip Startup Cerebras Hits $80 Bn In Value In Stock Debut

Cerebras Systems shares opened at $350 on Thursday, nearly 89% above their initial public offering price, valuing the artificial intelligence chipmaker at about $100 billion in a blockbuster market debut. The company priced its IPO at $185 per share on Wednesday, selling 30 million Class A shares to raise $5.55 billion. The offering was initially...