Cerebras opens 89% above IPO price in US market debut
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A person visits the market floor during Cerebras Systems' IPO at the Nasdaq Market building in New York City, U.S., May 14, 2026. REUTERS/Eduardo Munoz
May 14 (Reuters) - Cerebras Systems' shares jumped 89% above the initial public offering price in their U.S. market debut on Thursday, giving the chip designer a valuation of $106.75 billion on a fully diluted basis.
(Reporting by Utkarsh Shetti in Bengaluru; Editing by Anil D'Silva)
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