Cerebras Prices IPO at $185, Pops 68% on Nasdaq Debut and Closes With a $5.55 Billion Raise and a $106.75 Billion Fully Diluted Valuation
AI chipmaker Cerebras priced its IPO $25 above the upgraded range on May 13, opened at $350 on Nasdaq the next morning, and closed its first session at $311.07 before slipping roughly 10% on Friday.
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