AI Chipmaker Cerebras Could Raise Up To $5.52 Billion in Upsized IPO
Idag, 18:13
12:13 PM EDT, 05/11/2026 (MT Newswires) -- Cerebras Systems increased the size and expected price range of its initial public offering, which now could raise as much as $5.52 billion for the artificial intelligence chipmaker.
The company is looking to offer 30 million class A common shares at between $150 and $160 per share, according to a preliminary prospectus filed with the Securities and Exchange Commission on Monday. Prior paperwork showed the company was looking to offer 28 million shares at between $115 and $125 per share.
The underwriters will now have an option to purchase up to an additional 4.5 million shares, compared with 4.2 million additional shares previously on the table.
Based on the top end of the new price range and the increased share count, the IPO could yield up to $5.52 billion, MT Newswires'calculations showed, assuming that underwriters exercise their over-allotment option in full.
Cerebras, which has applied to list its class A shares on the Nasdaq Global Select Market under the symbol "CBRS,"is expected to launch its IPO on Thursday, according to a Nasdaq IPO calendar.
The IPO has drawn orders for more than 20 times the number of shares available ahead of its May 13 pricing, Reuters reported Sunday, citing people familiar with the matter. The company in October 2025 dropped plans to go public.
Cerebras, which competes with companies including Nvidia (NVDA) and Advanced Micro Devices (AMD) in the hardware category, reported 2025 net income of $1.38 per share on revenue of $510 million. That compares with a loss of $9.90 per share and revenue of $290.3 million in 2024.
It also competes with cloud service providers such as Amazon (AMZN) Web Services and Microsoft's (MSFT) Azure.
The company said in April it had raised $2.85 billion in capital over a period of eight months, including a new credit facility for up to $850 million.
Earlier this year, Cerebras agreed to deploy 750 megawatts of its wafer-scale systems for OpenAI's customers. The deal was valued at more than $20 billion, according to Cerebras'latest IPO filing.
Price: 221.31, Change: +6.09, Percent Change: +2.83
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AI Chipmaker Cerebras Could Raise Up To $5.52 Billion in Upsized IPO
Idag, 18:13
12:13 PM EDT, 05/11/2026 (MT Newswires) -- Cerebras Systems increased the size and expected price range of its initial public offering, which now could raise as much as $5.52 billion for the artificial intelligence chipmaker.
The company is looking to offer 30 million class A common shares at between $150 and $160 per share, according to a preliminary prospectus filed with the Securities and Exchange Commission on Monday. Prior paperwork showed the company was looking to offer 28 million shares at between $115 and $125 per share.
The underwriters will now have an option to purchase up to an additional 4.5 million shares, compared with 4.2 million additional shares previously on the table.
Based on the top end of the new price range and the increased share count, the IPO could yield up to $5.52 billion, MT Newswires'calculations showed, assuming that underwriters exercise their over-allotment option in full.
Cerebras, which has applied to list its class A shares on the Nasdaq Global Select Market under the symbol "CBRS,"is expected to launch its IPO on Thursday, according to a Nasdaq IPO calendar.
The IPO has drawn orders for more than 20 times the number of shares available ahead of its May 13 pricing, Reuters reported Sunday, citing people familiar with the matter. The company in October 2025 dropped plans to go public.
Cerebras, which competes with companies including Nvidia (NVDA) and Advanced Micro Devices (AMD) in the hardware category, reported 2025 net income of $1.38 per share on revenue of $510 million. That compares with a loss of $9.90 per share and revenue of $290.3 million in 2024.
It also competes with cloud service providers such as Amazon (AMZN) Web Services and Microsoft's (MSFT) Azure.
The company said in April it had raised $2.85 billion in capital over a period of eight months, including a new credit facility for up to $850 million.
Earlier this year, Cerebras agreed to deploy 750 megawatts of its wafer-scale systems for OpenAI's customers. The deal was valued at more than $20 billion, according to Cerebras'latest IPO filing.
Price: 221.31, Change: +6.09, Percent Change: +2.83
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