genai / news / / The Economic Times
Cerebras Systems is set to launch its IPO on Wall Street at $185 per share.
Cerebras Systems will IPO at $185 per share, aiming to raise $5.5 billion.
KEY POINTS
- The company's valuation exceeds $55 billion, making it the year's largest US IPO.
- Cerebras raised its IPO price target twice, ultimately settling on $185 per share.
- OpenAI has a $10 billion contract for Cerebras processors and may gain over 10% ownership via warrants.
COMPANIES
Summarized by Newsio from The Economic Times. How we summarize →