AI Summary
Cerebras Systems has increased its initial public offering target to $4.8 billion due to rising demand for its shares. The company plans to offer 30 million shares priced between $150 and $160 each, up from a previous offering of 28 million shares at lower prices.
- Cerebras Systems Inc. is seeking to raise up to $4.8 billion in its initial public offering (IPO).
- The company is now offering 30 million shares priced between $150 and $160 each.
- This is an increase from the earlier plan to market 28 million shares at prices ranging from $115 to $125 each.
- The updated offering was confirmed in a filing with the US Securities and Exchange Commission.
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