【US Stock IPO】AI chip company Cerebras is considering raising the offering price; Dunkin’s parent company has secretly filed for a listing

The U.S. new-share market sentiment is heating up, Bloomberg reports. Artificial intelligence (AI) chip company Cerebras Systems plans to raise its initial public offering (IPO) price range, from the original $115 to $125 per share, up to $125 to $135. Cerebras’ IPO demand this time is strong, recording 20 times oversubscription.

Cerebras previously planned to sell 28 million shares. Based on the original IPO price range, it could raise up to $3.5 billion, with a maximum valuation of around $26.6 billion. If based on the new upper limit of $135 per share, the fundraising amount would increase to approximately $3.78 billion. Cerebras mainly develops chip systems for AI training and inference. The market is watching whether it can gain market share in the AI chip market led by Nvidia (Nvidia, U.S.: NVDA).

Dunkin’ parent company secretly files for listing

On the other hand, Inspire Brands announced that it has secretly submitted draft IPO registration documents to the U.S. Securities and Exchange Commission (SEC). The company has not yet decided on the number of shares to be offered and the IPO price range. Inspire was founded in 2018 by the private equity firm Roark Capital. Its brands include Dunkin’, Arby’s, Jimmy John’s, Buffalo Wild Wings, Sonic Drive-In, and Baskin-Robbins, with more than 33,000 restaurants worldwide.

Inspire said it plans to use the net proceeds from the IPO to repay outstanding debt under existing term loans, and to pay issuance fees and expenses. Earlier reports indicated that Inspire’s IPO fundraising could be about $2 billion, with the potential to happen as early as this year, but the final terms have not yet been finalized.

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