Cerebras lands $488B valuation on Nasdaq May 14 · Blackstone BXDC $1.75B IPO same day

AI accelerator Cerebras raised its IPO range to $150-160 from $115-125, enabling up to $48.8B post-money valuation and $4.8B proceeds on 30M shares. Order book hit 20x oversubscription. Ticker CBRS debuts May 14 on Nasdaq. Company has 750MW OpenAI contract and $510M 2025 revenue booked. Blackstone Digital Infrastructure Trust (BXDC) also prices at $20/share for 87.5M units ($1.75B), lands NYSE same day—first mega-cap data-center REIT IPO in AI era.