Sources: Cerebras plans to raise its IPO price range from $115-$125 per share to $125-$135 after drawing orders for more than 20x the number of shares available (Bloomberg)

Cerebras Systems Inc. is reportedly planning to raise its initial public offering (IPO) price range from $115-$125 per share to $125-$135. This adjustment comes after the company received orders exceeding 20 times the number of shares available, indicating strong demand for its stock ahead of the IPO.