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Cerebras raises $5.55bn in the biggest US tech IPO since Snowflake — Blankdot

thenextweb.com2 months ago

Cerebras raises $5.55bn in the biggest US tech IPO since Snowflake

Cerebras raises $5.55bn in the biggest US tech IPO since Snowflake

Priced at $185, above the marketed range, the wafer-scale chip company opens trading on Thursday at a $56.4bn valuation. The OpenAI deal is what got the book covered. The customer concentration footnote is what the next quarter has to answer. Cerebras Systems priced its IPO at $185 per share on…

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