May 14 (Reuters) – Cerebras Systems’ shares jumped 89% above the initial public offering price in their U.S. market debut on Thursday, giving the chip designer a valuation of $106.75 billion on a fully diluted basis. (Reporting by Utkarsh Shetti in Bengaluru; Editing by Anil D’Silva)
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Cerebras opens 89% above IPO price in US market debut
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May 14 (Reuters) – Cerebras Systems’ shares jumped 89% above the initial public offering price in their U.S. market debut on Thursday, giving the chip designer a valuation of $106.75 billion on a fully diluted basis.
(Reporting by Utkarsh Shetti in Bengaluru; Editing by Anil D’Silva)