Sources: Cerebras plans to make its IPO public as soon as Friday, aiming to raise $3B+ at a $35B+ valuation, a 60% premium to its $22B February valuation (The Information)
Cerebras filed for IPO targeting $3B+ raise at $35B+ valuation, a 60% premium to its $22B February valuation, marking a major AI chip company going public.
Excerpt
<p><a href="http://www.techmeme.com/260416/p59#a260416p59" title="Techmeme permalink"><img height="12" src="http://www.techmeme.com/img/pml.png" style="border: none; padding: 0; margin: 0;" width="11" /></a> <a href="https://www.theinformation.com/">The Information</a>:<br />
<span style="font-size: 1.3em;"><b><a href="https://www.theinformation.com/briefings/cerebras-prepares-public-listing-eyes-35-billion-plus-valuation">Sources: Cerebras plans to make its IPO public as soon as Friday, aiming to raise $3B+ at a $35B+ valuation, a 60% premium to its $22B February valuation</a></b></span> — Chip startup Cerebras is planning to make its IPO paperwork public as soon as Friday, The Information reported Thursday.</p>
Read at source: http://www.techmeme.com/260416/p59#a260416p59