MS News & Events

AI chipmaker Cerebras Systems has picked Morgan Stanley to lead its initial public offering, which could raise about $2B in a listing as soon as April, people familiar with the matter told Bloomberg's Ryan Gould, Bailey Lipschultz and Anthony Hughes. Cerebras, which withdrew its previous IPO registration in October, has filed fresh paperwork for an IPO and is set to meet with analysts and prospective investors this month, the report added.

Core Scientific (CORZ) announced that it completed the initial closing of a $500M 364-day loan facility provided by Morgan Stanley (MS). "This strengthens our liquidity and enhances our financial flexibility as we execute our development and go-to-market strategy," said Adam Sullivan, CEO of Core Scientific. The facility includes an accordion feature that provides the potential to increase total commitments by up to an additional $500M, for total commitments of up to $1B, subject to customary terms and conditions. Borrowings under the facility bear interest at a rate of secured overnight financing rate plus 250 basis points.