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One platform for global traditional assets
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CryptoWorld News reports that Cerebras Systems plans to raise up to $3.5 billion through an initial public offering (IPO) to compete with rivals like Nvidia. The company, headquartered in Sunnyvale, California, filed documents with the U.S. Securities and Exchange Commission showing that Cerebras is offering 28 million shares at a price range of $115 to $125 per share. Cerebras had secretly filed for a listing earlier this year, and just a few months prior, the company had withdrawn a previous registration application.