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Recently, Cerebras, a U.S.-based AI chip manufacturer, submitted an updated prospectus to the U.S. Securities and Exchange Commission, formally launching its initial public offering (IPO) process. The company intends to issue between 28 million and 30 million shares of Class A common stock, with an estimated price range of $115 to $160 per share. This move is projected to raise up to $4.8 billion, potentially valuing the company at approximately $26.6 billion or more. The market widely anticipates that Cerebras will go public on Nasdaq this week, possibly marking the largest IPO in the U.S. stock market for the year. Established in 2015, Cerebras' flagship product, the WSE-3 chip, showcases significantly enhanced performance compared to mainstream GPU solutions. Its clientele includes renowned names such as OpenAI and AWS.
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