Cerebras Systems Plans IPO to Raise $3.5 Billion

AI chip manufacturer and data center operator Cerebras Systems aims to raise up to $3.5 billion through an initial public offering. According to Odaily, the California-based company has filed with the U.S. Securities and Exchange Commission to offer 28 million shares priced between $115 and $125 each. Cerebras had previously filed for a confidential listing earlier this year, following the withdrawal of a prior registration application.