New AI chip Cerebras (CBRS.US) IPO prices at $115-125 per share, raising $3.5 billion.

Zhitan Finance APP learned that artificial intelligence (AI) chip manufacturer and data center operator Cerebras Systems is planning to raise up to $3.5 billion through its initial public offering (IPO) to compete in this hot field with competitors. According to documents submitted by Cerebras to the U.S. Securities and Exchange Commission (SEC), the company plans to issue 28 million shares at a price of $115 to $125 per share. The IPO is expected to be priced on May 13th. Cerebras plans to list on the Nasdaq Global Select Market under the symbol "CBRS."