Cerebras Systems Inc. is telling institutional investors placing orders in its IPO to specify the number of shares and the maximum price they’re willing to pay, according to people familiar with the matter, another sign that the artificial intelligence chipmaker’s shares are in high demand.
Morgan Stanley, the bank leading the offering, is seeking so-called limit orders to help the company and the underwriters gauge the true level of demand at different valuations, one of the people said, asking not to be identified as the information isn’t public. Cerebras is seeking to raise as much as $3.5 billion in ...
