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Wall Street Brunch: IPOs Headline The Week's Show
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Wall Street Brunch: IPOs Headline The Week's Show

Seeking Alpha·Wall Street Breakfast·24 days ago
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bymuratdeniz/iStock via Getty Images Listen below or on the go via Apple Podcasts and Spotify Cerebras headlines a busy IPO week with surging investor demand. (0:17) Applied Materials faces AI demand questions . (1:12) April CPI arrives with energy prices driving inflation concerns . (1:55) As earnings season winds down, attention is shifting to the IPO market. AI chipmaker Cerebras Systems ( CBRS ) headlines a busy week for new listings. Reports indicate the company may raise its price range to $125 to $135 per share as soon as Monday , lifting the potential proceeds to about $3.78B from $3.5B. The deal has reportedly attracted orders more than 20 times the shares available, and the range could still move higher. Cerebras plans to sell 28M shares on the Nasdaq under the ticker CBRS, with Morgan Stanley, Citigroup, Barclays and UBS leading the underwriting syndicate.…

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