Billionaires
Cerebras CEO Is Worth $3.2 Billion After Year’s Largest IPO
Andrew Feldman, co-founder and chief executive officer of Cerebras Systems., center, during the company's IPO at the Nasdaq MarketSite in New York on May 14.
Photographer: Michael Nagle/BloombergSerial Silicon Valley entrepreneur Andrew Feldman, who literally grew up on the campus of Stanford University, was already involved in selling three companies and taking another public. But none of that compares with Thursday’s debut of his AI-chip manufacturer.
Shares of Cerebras Systems Inc., a company he co-founded in 2015, soared about 68% in Nasdaq trading in New York. It’s the year’s biggest initial public offering and gives the company a market value of roughly $67 billion.