TLDR Tech / AI
AI Chipmaker Cerebras Raises $5.55 Billion in Year's Biggest IPO
Cerebras raised $5.5 billion in its US IPO at a market valuation of about $40 billion. This was the largest IPO this year so far. The IPO drew orders for more than 20 times the number of shares available. The offering was led by Morgan Stanley, Citigroup, Barclays, and UBS.
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