FnGuide SK Hynix Value Chain Index, SK Hynix, and Nvidia (Think of the Movie Godfather)

Covering IPOs, Healthcare and Technology Stocks

Andrei Zakharov

Equity Capital Markets

Cerebras Systems / Equity Capital Markets

<ul>
<li>Cerebras Systems is expected to IPO next week: VC-backed AI chipmaker offers 28m Class A shares at the price range of $115-$125, implying a market cap of ~$26B at midpoint.</li>
<li>The last round was a ~$1B Series H that was led by Atreides Management, Fidelity and Tiger Global at a ~$23B post-money valuation at a $89.02 price per share. </li>
<li>I have a positive view of Cerebras Systems IPO as the offering will be priced slightly above last round valuation and my PT of $211.00 implies a 76% post-listing upside. </li>
</ul>


Cerebras Systems is expected to IPO next week: VC-backed AI chipmaker offers 28m Class A shares at the price range of $115-$125, implying a market cap of ~$26B at midpoint.
The last round was a ~$1B Series H that was led by Atreides Management, Fidelity and Tiger Global at a ~$23B post-money valuation at a $89.02 price per share. 
I have a positive view of Cerebras Systems IPO as the offering will be priced slightly above last round valuation and my PT of $211.00 implies a 76% post-listing upside. 


Cerebras Systems IPO (NASD: CBRS): The Implied Equity Value of $211 Represents ~76% Upside