Artificial intelligence chip maker Cerebras Systems completed its initial public offering in the US and raised US$5.55 billion to seize the surge in global semiconductor demand. The company's issue price was set at $185 per share, which is higher than the previously recommended pricing range. Cerebras raised the issuance range and number of shares issued on Monday. The original plan for this IPO was to issue 30 million shares, with a pricing range of 150 to 160 US dollars per share. Based on the issued shares and tradable share capital in the declaration documents, this pricing makes Cerebras market capitalization about 40 billion US dollars. According to estimates, after including restricted stock units, employee options and warrants, the company's fully diluted valuation reached approximately US$49 billion. According to the data, this IPO is the largest so far this year. If SpaceX, the space exploration company owned by Elon Musk, raises 75 billion US dollars and goes public this summer, it is expected to set a record for the largest IPO in history, and Cerebras's new stock issuance has already been implemented first.

Artificial intelligence chip maker Cerebras Systems completed its initial public offering in the US and raised US$5.55 billion to seize the surge in global semiconductor demand. The company's issue price was set at $185 per share, which is higher than the previously recommended pricing range. Cerebras raised the issuance range and number of shares issued on Monday. The original plan for this IPO was to issue 30 million shares, with a pricing range of 150 to 160 US dollars per share. Based on the issued shares and tradable share capital in the declaration documents, this pricing makes Cerebras market capitalization about 40 billion US dollars. According to estimates, after including restricted stock units, employee options and warrants, the company's fully diluted valuation reached approximately US$49 billion. According to the data, this IPO is the largest so far this year. If SpaceX, the space exploration company owned by Elon Musk, raises 75 billion US dollars and goes public this summer, it is expected to set a record for the largest IPO in history, and Cerebras's new stock issuance has already been implemented first.