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Cerebras Raises IPO Price Range to $150 to $160
On May 11, CNBC reported that sources revealed that due to increased market demand, AI chip company Cerebras plans to raise its IPO price range to $150 to $160 per share. If priced at the upper limit of the new range, Cerebras will raise approximately $4.8 billion, exceeding the original plan of $3.5 billion.