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Strong update on the @cerebras $CBRS
IPO
According to @Reuters, the price range has been raised to $150-160 per share to raise approximately $4.8 billion with a market cap of about $34 billion (up from an initial valuation of $26.6 billion)
Also, the number of shares offered has been increased from 28 million to 30 million shares
Final pricing on May 13, with trading starting on May 14 on Nasdaq under the symbol $CBRS
@Polymarket@ forecasts a 90% chance that the market cap will exceed $50 billion by the close of the first trading day
This means the market expects the stock to rise more than 47% on the first day (comparing the IPO valuation of about $34 billion to the expected closing valuation of over $50 billion)
#GateSquareMayTradingShare #BTCBreaks82000 $BTC $SOL $ATOM3S $CBRS