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NVIDIA's Rival Cerebras Plans to Raise IPO Price Range, Sees 20x Oversubscription: Wire
NVIDIA Corporation (NVDA.US) rival and AI chipmaker Cerebras Systems has posted strong demand for its IPO, Reuters reported, citing people with the knowledge of the matter. The com...
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NVIDIA Corporation (NVDA.US)      rival and AI chipmaker Cerebras Systems has posted strong demand for its IPO, Reuters reported, citing people with the knowledge of the matter.

The company plans to raise its IPO price range from USD115-125 per share to USD150-160, while scaling up the offering from 28 million shares to 30 million shares.

Related NewsNon Farm Payrolls for Apr in the United States is 115K, lower than the previous value of 185K. The forecast was 62K.
At the top end price of USD160 per share, Cerebras will raise approximately USD4.8 billion, higher than the originally planned USD3.5 billion. The IPO has so far recorded about 20x oversubscription, report said.
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