Cerebras Systems Plans IPO to Raise Up to $4.8B, Pricing Shares at $150-160 on May 11

Cerebras Systems, a U.S. AI chip company, announced its initial public offering on May 11. The company plans to issue 30 million Class A common shares priced between $150 and $160 per share, potentially raising up to $4.8 billion. This marks the company's first public offering.
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