On Monday, Cerebras Systems, an AI chip company headquartered in the United States, unveiled its plans to issue 28 million shares, with the offering price set within the range of $115 to $125 per share. Assuming the shares are priced at the upper limit of this range, the initial public offering (IPO) is projected to raise approximately $3.5 billion, thereby valuing the company at an estimated $26.6 billion. Prior to this, Cerebras has successfully completed multiple rounds of financing and forged strategic partnerships with renowned enterprises, including OpenAI.
