AI chipmaker Cerebras Systems has confidentially filed for an IPO, aiming to compete with industry giant Nvidia. Nvidia's AI halo continues to impact the IPO market. The company, valued at approximately $2.5 billion, authorized new shares for an impending 'F-1 round' at a steep discount to its prior 2021 funding round. The filing was reportedly made in early June.
AI chipmaker Cerebras Systems, a competitor to Nvidia, reportedly files for an IPO https://t.co/pbtzqcrJHc
Source: AI chipmaker Cerebras confidentially filed for a US IPO; filing: in early June, it authorized new shares at a steep discount to its 2021 funding round (The Information) https://t.co/jF2zkoH6nD 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/GZ5f0t3e6X
Cerebras has filed for IPO https://t.co/jDFJzkyX18
Exclusive: Cerebras, which is developing AI chips to compete with giant Nvidia, has filed plans for a public offering at the same time it slashed its share price. https://t.co/Dxddj8SUHb From @nmasc_ and @steph_palazzolo.
Nvidia's AI halo continues to impact the IPO market. Latest example: @CerebrasSystems, valued at ~$2.5B https://t.co/TjHPntfuOk @steph_palazzolo @nmasc_ https://t.co/6SIOF6tHZb
Chip startup Cerebras has filed confidentially for an IPO. It also authorized new shares for an impending "F-1 round" at a steep discount to its prior round. Scoop w/ @steph_palazzolo: https://t.co/zG2ihysIth