Deals
Cerebras Systems Targets Raising Up to $1 Billion in IPO
- Startup plans to file to go public with SEC later this week
- Company could be valued at $7 billion to $8 billion in IPO
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Cerebras Systems is planning to kick off its initial public offering this week with a view to raising as much as $1 billion in a New York listing, people with knowledge of the matter said.
The Silicon Valley firm startup, which makes semiconductors optimized for artificial intelligence uses, is planning to file to go public with the US Securities and Exchange Commission as soon as Friday ahead of launching an investor roadshow in the coming weeks, according to the people.