AI chipmaker Cerebras valued at $95 billion in IPO, the biggest US tech listing in 5 years
Cerebras has completed its IPO at a $95 billion valuation, raising $5.55 billion. It is the largest US tech IPO in five years; nothing bigger has come since Snowflake in 2020. The shares rose 68% on the first day of trading. The company specializes in wafer-scale chips for artificial intelligence workloads.
AI-processed from TNW; edited by Hamidun News
AI company Cerebras Systems has gone public on Nasdaq, becoming the most successful tech listing on the stock market in the past five years.
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How much did
Cerebras shares rise on the first day of the IPO? The shares rose 68% on the first day of trading, closing at $311.07 against an opening price of $185.
How much money did Cerebras raise in its IPO?
The offering raised $5.55 billion, an unprecedented figure for tech companies that shows investor interest in the microelectronics sector.
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Key Questions Answered
How much did Cerebras shares rise on the first day of the IPO?
The shares rose 68% on the first day of trading, closing at $311.07 against an opening price of $185.
How much money did Cerebras raise in its IPO?
The offering raised $5.55 billion, an unprecedented figure for tech companies that shows investor interest in the microelectronics sector.
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