AI & Tech
Cerebras IPO Opens at 320 Dollars After 185 Dollar Pricing Range
All-In Podcast
The IPO Comeback: Why Tech Giants Are Finally Going Public | All-In Liquidity IPO Panel
What was said
"They priced the IPO at $185, which was up, the range was taken up 2 times, okay? The stock opened at $320 a share, I think. Today it's at $230 a share, $50, $60 billion in market cap."
Brad Gerstner revealed that Cerebras Systems, the AI chip company that just went public, experienced massive investor demand with the stock opening at $320 per share after a twice-increased pricing of $185. Despite settling at $230, the company achieved a $50-60 billion valuation within weeks of going public. Gerstner noted the path was particularly challenging due to UAE investors triggering CFIUS scrutiny under the Biden administration before becoming 'really easy' in the final 12 months.
Verification status
Attributed speaker claim
Egleze verified who said this and where. The underlying claim has not been independently established by Egleze.
Source and context
Egleze verified who said this and where. The underlying claim has not been independently established by Egleze.
- Programme
- All-In Podcast
- Episode
- The IPO Comeback: Why Tech Giants Are Finally Going Public | All-In Liquidity IPO Panel
- Clip time
- 5:33
- Original source
- Watch the source segment →
From this episode
All-In Podcast