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Exclusive-Cerebras to raise IPO price range to $150-$160 as demand surges, sources say
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- Exclusive-Cerebras to raise IPO price range to $150-$160 as demand surges, sources say Echo Wang Mon, May 11, 2026 at 4:39 AM GMT+7 2 min read CESY.PVT By Echo Wang
- At the top of the new range, Cerebras would raise roughly $4.8 billion, up from $3.5 billion under its original terms, though the figures remain subject to change before pricing, the people said.
- Cerebras did not immediately respond to a request for comment.
Exclusive-Cerebras to raise IPO price range to $150-$160 as demand surges, sources say Echo Wang Mon, May 11, 2026 at 4:39 AM GMT+7 2 min read CESY.PVT By Echo Wang
May 10 (Reuters) - 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-$160 a share, up from $115-$125 a share, and raising the number of shares marketed to 30 million from 28 million, said the sources, who asked not to be identified because the information isn t public yet.
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