breaking

Cerebras Systems Lifts IPO Pricing Expectations Amid Strong Investor Demand

Cerebras Systems Inc. is guiding underwriters to price its initial public offering above the marketed range as institutional investor appetite for the chipmaker's shares accelerates. The company is targeting up to $4 billion in gross proceeds from the offering. Cerebras is requiring investors submitting orders to specify both the number of shares sought and their maximum acceptable price, a sign of robust demand for the equity. The pricing adjustment comes as the semiconductor sector continues attracting capital for companies serving the data center and computing infrastructure markets. The company is expected to finalize pricing as soon as Monday.