Cerebras CEO Is Worth $3.2 Billion After Year’s Largest IPO (1)

Serial Silicon Valley entrepreneur Andrew Feldman, who literally grew up on the campus of Stanford University, was already involved in selling three companies and taking another public. But none of that compares with Thursday’s debut of his AI-chip manufacturer.

Shares of Cerebras Systems Inc., a company he co-founded in 2015, soared about 68% in Nasdaq trading in New York. It’s the year’s biggest initial public offering and gives the company a market value of roughly $67 billion.

Read More: AI Chipmaker Cerebras Climbs 68% After Year’s Biggest IPO

Andrew Feldman

Photographer: Nathan Laine/Bloomberg

That put Feldman’s stake at $3.2 billion, according to ...