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Cerebras opens at $350, valuing chipmaker above $100B
Cerebras opens at $350 per share on Nasdaq, valuing the AI chipmaker at over $100 billion after pricing its IPO at $185, the largest US tech IPO since Uber in 2019.
Jordan Novet / CNBC: Cerebras opens at $350, valuing the chipmaker at $100B+, after raising $5.5B by selling 30M shares at $185, the largest US tech IPO since Uber's debut in 2019 — Cerebras Systems soared in its Nasdaq debut on Thursday, opening at $350 after selling shares at $185, well above the company's expected range.
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