Cerebras targets $115 to $125 per share for Nasdaq IPO
The AI chipmaker starts its roadshow on Monday with a target valuation of $40 billion. Annual revenue rose to $510 million as the firm turned a profit.
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Cerebras Systems (CBRS) targets a $115 to $125 share price for its United States IPO, aiming for a $40B valuation. The AI chipmaker is launching its roadshow on Monday following a withdrawn filing in October. Cerebras is a rival to NVIDIA CORP in the AI hardware market.
### Financial Turnaround and Growth Metrics Cerebras reported revenue of $510M for the year ended December 31, a 75% increase from $290.3M the previous year. The company swung to a profit of $1.38 per share, reversing a loss of $9.90 per share.
