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Cerebras Systems is preparing to sell 28 million shares at $115 to $125 a share.
Cerebras Systems is preparing an IPO aiming for a $26.6 billion valuation at the high end.
KEY POINTS
- OpenAI loaned Cerebras $1 billion in December, securing warrants for over 33 million shares.
- OpenAI once considered acquiring Cerebras, according to legal filings in Elon Musk's lawsuit.
- Cerebras' IPO was delayed by a federal review of investment from Abu Dhabi-based customer G42.
- Cerebras' new multi-year agreement with OpenAI is worth more than $10 billion.
COMPANIES
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