Despite the S & P 500 and the Dow Jones Industrial Average posting recent record highs, the initial public offering market remains stuck in neutral. However, two large deals are likely coming to market soon. First, chip manufacturer Cerebras Systems is expected to announce its IPO imminently. The company specializes in manufacturing semiconductors that are optimized for artificial intelligence.
This would make it the fourth largest IPO of the year, behind temperature-controlled warehouse real estate investment trust Lineage , cruise line Viking and athletic company Amer Sports For reference, the majority of IPOs in the U.S. raise $100 million to $500 million. There have been more than 100 IPOs this year, and only four have raised $1 billion or more. The StandardAero deal is backed by investment firm Carlyle.
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