The AI chipmaker is now considering a price range of $150 to $160 per share, per Reuters.
The escalation timeline:
• Original range: $115 to $125 per share
• Bloomberg reported Friday: range expected to rise to $125 to $135
• Reuters today: range now being considered at $150 to $160
The deal:
• Shares offered: increased to 30 million from 28 million
• Potential raise at $160 per share: roughly $4.8 billion
• Indications of interest before formal marketing began: over $10 billion
Cerebras prices Tuesday, May 13.
CEREBRAS JUST HIKED ITS IPO PRICE RANGE FOR THE SECOND TIME IN THREE DAYS
byu/cowardbeater1969 instocks
Posted by cowardbeater1969
5 Comments
Got to cash in while the market is hot for it.
Ummm top is near. Every tech company legit or not is trying to ipo quick to coup the gain in the hot market that’s in momentum
This is either the best timed IPO in history or the worst timed.
EOD IPO: >250.
EOY > 500
Demand is exceptional. This is a highly anticipated IPO, but pricing risk is a real concern.