Business · Crunchbase News
Any startup CEO can talk about future plans for going public
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Crunchbase isn't talking about confidential filings either.
Key facts
- The Rockville, Maryland-based company priced shares at $23 each late Thursday, above the projected range, raising around $1 billion
- Cerebras Systems, the designer of speedy AI inference chips, filed publicly last week for an offering expected to raise around $2 billion
- SpaceX filed confidentially for an IPO a few weeks ago, with media reports pegging its target valuation around $1.75 trillion
- Alamar Biosciences, a Fremont, California-based startup applying proteomics to early disease detection, made its market entry as well, securing a current market cap around $1.6 billion
Summary
They're not talking about confidential filings either. By this latter measure, the past few weeks have been pretty busy for venture-backed startups. However, Cerebras wasn’t the only venture-backed company seeking a multibillion-dollar IPO valuation. Another, albeit smaller, contender is nuclear power startup X-energy, which is making its debut today. Meanwhile, on the geothermal power front, Fervo Energy is also looking to take its clean energy ambitions to the public market.