AI Chipmaker Cerebras Expects to Price Its IPO at $185 Per Share

Cerebras Systems Inc. expects to price its US initial public offering at $185 per share, according to people familiar with the matter, as the artificial intelligence chipmaker seizes on the surging demand for semiconductors.

The company is set to price its shares above the offered range later on Wednesday, the people said, asking not to be identified as the information isn’t public. Cerebras marketed 30 million shares in the IPO for $150 to $160 each, after revising the range and number of shares higher on Monday.