AI Chipmaker Cerebras Seeks $4.8 Billion in Upsized US IPO

Cerebras Systems Inc. increased the size of its initial public offering, now seeking to raise as much as $4.8 billion, as demand for the artificial intelligence chipmaker and data center operator’s shares continues to build.

The company is offering 30 million shares for $150 to $160 each, according to a filing with the US Securities and Exchange Commission on Monday. Cerebras had previously marketed 28 million shares for $115 to $125 each.