Cerebras Systems likely to postpone IPO after facing delays with CFIUS Review, reports say

CNBC's Kate Rooney, joins 'Power Lunch' to discuss reports that Cerebras Systems is likely to delay its IPO.

[vijjreddy]

ACTUALLY WE SHOULD NOT ALLOW ANY COMPANY TO GO PUBLIC UNTIL THEY RECORD PROFITS FOR 3 CONSECUTIVE YEARS... VENTURE CAPITAL SYSTEM IS WELL DEVELOPED, AND SO NO EARLY IPO IS NECESSARY TO RAISE FUNDS. WE SHOULD NOT CREATED MORE SOFIs AND OTHERS WHO ONLY SEE 90% FALL IN STOCK PRICES WHEN SLIGHTLY TOUGH MARKET CONDITIONS COME UP