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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.
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