TechFlow News, May 4: According to JINSHI Data, Cerebras Systems—a manufacturer of AI chips and operator of data centers—plans to raise up to $3.5 billion through its initial public offering (IPO) to compete against rivals in this red-hot industry. According to filings submitted to the U.S. Securities and Exchange Commission (SEC) by the company, headquartered in Sunnyvale, California, Cerebras intends to offer 28 million shares at a price range of $115 to $125 per share. Earlier this year, Cerebras confidentially filed its IPO application; several months prior to that, it had withdrawn a previous registration filing.
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