Cerebras to raise IPO price range to $150 to $160 a share as demand surges, sources say​​​​​​​​​​​​​​​​

AI Summary

Cerebras is preparing to raise its IPO price range to accommodate increased investor demand, setting a potential price of $150 to $160 per share. The company is also increasing the number of shares it plans to offer from 28 million to 30 million.

Cerebras is considering an IPO price range of $150 to $160 a share and raising the number of shares marketed to 30 million from 28 million, Reuters reported.