CEREBRAS JUST HIKED ITS IPO PRICE RANGE FOR THE SECOND TIME IN THREE DAYS
The AI chipmaker is now considering a price range of $150 to $160 per share, per Reuters.
The escalation timeline:
• Original range: $115 to $125 per share
• Bloomberg reported Friday: range expected to rise to $125 to $135
• Reuters today: range now being considered at $150 to $160
The deal:
• Shares offered: increased to 30 million from 28 million
• Potential raise at $160 per share: roughly $4.8 billion
• Indications of interest before formal marketing began: over $10 billion
Cerebras prices Tuesday, May 13.