Exclusive: Cerebras to raise IPO price range to $150-$160 as demand surges, sources say - Reuters
Exclusive: Cerebras to raise IPO price range to $150-$160 as demand surges, sources say Reuters
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Key People
Amazon is a multinational technology company focusing on e-commerce, cloud computing, and artificial intelligence.
Andrew Feldman is the co-founder and CEO of Cerebras.
Cerebras Systems is an AI chipmaker known for its innovative wafer-scale chips.
G42 is a technology conglomerate based in Abu Dhabi.
Nvidia is an American technology company known for its graphics processing units.
OpenAI is an artificial intelligence research organization that aims to promote and develop friendly AI.
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<a href="https://news.google.com/rss/articles/CBMivAFBVV95cUxNY244WUUzell2dkNuUURiTGRfMnVRSHJlMk10bTVEY1dTOTYtNk1uX0JLTHZXLU96MlNiNGtIYTJSbXpkQVVyWlJuN0J6dXRQckIzQmhYOGZ3NkxEei1rRzdQZW5UeWY0VUprWFhuelk2Yjd3NW05eXJDaXowV183T1VJLXlJSldHWnUtelZ4UFZNSVcwNVlXSGVYc2RUZnBiNGVOdWdtZzhKN1RUMWZ3cUROZFM3WWNhTHhYbw?oc=5" target="_blank">Exclusive: Cerebras to raise IPO price range to $150-$160 as demand surges, sources say</a> <font color="#6f6f6f">Reuters</font>
Cerebras Systems Inc. plans to increase the price range of its initial public offering to $125 to $135 per share, up from $115 to $125, amid strong demand from investors, according to Bloomberg News.
Artificial intelligence chipmaker Cerebras aims to raise as much as $3.5 billion by going public on the Nasdaq, offering 28 million shares at $115 to $125 each, according to an updated prospectus filed on May 4, 2026.
Cerebras Systems plans to increase its IPO price range to $150-$160 per share and raise the number of shares offered to 30 million, aiming to raise approximately $4.8 billion, due to strong demand for its AI chips.
Cerebras Systems has raised its IPO price range due to overwhelming investor demand, with the offering reportedly oversubscribed by more than 20 times, orders exceeding $10 billion, and pricing potentially climbing higher before shares begin trading on Nasdaq under the ticker CBRS.
Cerebras Systems Inc. is considering raising its initial public offering price range to between $150 and $160 per share, up from $115 to $125 per share previously, due to strong investor demand, according to Reuters.
Cerebras' IPO was 3x oversubscribed, drawing over $10 billion in demand against a $3.5 billion offering at a $26.6 billion valuation, with a $10 billion OpenAI supply contract and 20x inference speed edge over Nvidia anchoring the bull case.
Cerebras Systems is considering raising its IPO price to $150 to $160 per share and increasing the number of shares marketed to 30 million, aiming to raise up to $4.8 billion, due to massive interest in its AI chips.
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