May. 13 at 8:12 AM
$CBRS Such a shame Cerebras will tie its name to a scam IPO where retail loses big :(
Cerebras IPO: started at
$115, then
$125, then
$135, now pricing above
$150 — valuation went from
$26B to nearly
$50B in one week of roadshow? ... so institutions are getting rich while retail buys the open at
$200+.
The sad part? The company is actually legit.
$510M revenue, 47% net margins, 76% growth.
But Figma, Bullish etc.. did the same thing — tripled day one, now 50/60% below IPO price.
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