Cerebras has lifted its IPO price range to $150–$160 per share, up from $115–$125, targeting up to $4.8B in proceeds on Nasdaq. The AI chipmaker reported $510M in 2025 revenue, up 76% year on year, and holds a $20B-plus compute deal with OpenAI. Cerebras could be valued at up to $48.8B on a fully diluted basis.
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