Cerebras to Boost Price of IPO to as High as $160, Reuters Says

Cerebras Systems Inc. is considering raising its initial public offering price range to between $150 and $160 per share, up from $115 to $125 per share previously, Reuters reported on Sunday.

The artificial intelligence chipmaker also plans to increase the number of shares offered via the IPO to 30 million from the 28 million it previous planned, the report said, citing unnamed sources familiar with the matter.

The reported adjustment comes as the chipmaker saw strong demand from investors for its offering, which had already received indications of interest from investors for more than $10 billion of shares before formal ...