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Cerebras Sets IPO Price at $185 Per Share as Semiconductor Demand Surges

Cerebras Systems Inc. is pricing its initial public offering at $185 per share, capitalizing on robust investor appetite for semiconductor manufacturers. The chipmaker is targeting up to $4 billion in proceeds from the offering. Strong demand forced underwriters to guide pricing above the originally marketed range, prompting the company to implement limit orders from institutional investors—a requirement that prospective buyers specify both share quantities and maximum purchase prices. The pricing move reflects intensifying competition for exposure to the data center equipment sector, where supply constraints continue to drive valuations higher. Cerebras' IPO comes amid sustained global demand for advanced computing infrastructure.