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348 Cerebras, an Nvidia Challenger, Files for IPO Confidentially

The Information
Natasha Mascarenhas @ The Information 2 place · 06/20/2024 19:08 EDT

Cerebras, a developer of artificial intelligence chips that’s trying to wrestle business from Nvidia, has filed confidentially with securities regulators for an initial public offering, according to a person involved in the decision.

The startup has also notified Delaware, the state in which it is incorporated, that it is creating preferred shares priced at a deep discount to its last private funding round. The move could make its shares more attractive to private investors ahead of an IPO and those who pa

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