New details about the ‎@cerebras company offering


- 28 million shares priced between $115-$125 per share to raise up to $3.5 billion
- Final valuation = $26.6 billion (up +16% from February's valuation of $23 billion)
- CEO Andrew Feldman will not sell his shares (will hold 10.3 million shares worth $1.28 billion)
- Revenue = $510 million (growth +76% annually)
- Remaining contractual obligations = $24.6 billion (50 times annual revenue!)
This means the valuation is still very high at approximately 52x sales multiple (compared to 23x for the company's direct competitor ‎$NVDA)
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