Cerebras to raise IPO price range to $150-$160 as demand surges

Cerebras Systems is set to raise the size and price of its initial public offering as soon as Monday, as demand for the artificial intelligence chipmaker’s shares continues to climb, two people familiar with the matter told Reuters on Sunday.

The company is considering a new IPO price range of $150-$160 a share, up from $115-$125 a share, and raising the number of shares marketed to 30 million from 28 million, ‌said the sources, ⁠who asked ⁠not to be identified because the information isn’t public yet.