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ZM Communications represents Cerebras Systems, which filed a registration statement with the SEC on Sept. 30 for an initial public offering.
Sunnyvale, CA-based Cerebras, which plans to take on Nvidia, makes semiconductors for building artificial technologies.
The New York Times noted that the Cerebras IPO offering would be among the first AI companies to go public since OpenAI released its ChatGPT chatbot in late 2022.
OpenAI on Oct. 1 closed on a $6.6B funding round, valuing the company at $157B.
Cerebras chalked up $136M in first-half revenues, compared to $8.6M in the 2023 period. It lost $67M vs. $78M a year ago.
The company plans to list in stock on the NASDAQ.
ZM Communications is the firm launched by two Qualcomm veterans. Kim Ziesemer was Qualcomm’s senior PR manager, while Heath Meyer was senior global marketing manager.
Prosek Partners handles New York’s Tilray Brands, craft beer & cannabis operation, as it acquires BrewDog, a leading British independent beer producer in the UK, for $45M.
Brunswick Group handles Zurich Insurance as it agrees to buy UK-based Beazley specialty insurer in a deal valued at $11B.
FGS Global represents Brink’s as it agrees to acquire NCR Atleos, which relies on Collected Strategies, in a $6.6B cash & stock deal to create a leading fintech infrastructure company. (Updated)
A January article in O’Dwyer’s proposes that in 2026, the strongest financial brands will not simply tell compelling stories—they will “signal readiness.”
C Street Advisory Group is working the Chapter 11 filing of Axip Energy Services as it unloads its nearly all of its assets to deal with a heavy debt load.
