PANews May 4 news, according to Jinshi reports, artificial intelligence chip manufacturer and data center operator Cerebras Systems plans to raise up to $3.5 billion through an initial public offering to combat competition in this hot industry. Documents submitted by the company, headquartered in Sunnyvale, California, to the U.S. Securities and Exchange Commission show that the company is issuing 28 million shares at a price of $115 to $125 per share. Cerebras had secretly submitted its listing application earlier this year, and just a few months ago, the company withdrew a previous registration application.

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