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The Economic Times
Cerebras to raise IPO price range to $150-$160 as demand surges
Cerebras Systems, an AI chipmaker, plans to increase its IPO price range to $150-$160 per share and offer 30 million shares, up from earlier terms. This follows strong demand for its specialized chips used for AI inference, contrasting with Nvidia's dominance in training. The IPO could raise up to $4.8 billion, making it the largest global IPO this year. The company has secured customers like Amazon and OpenAI, and its partnership with UAE-based G42 passed national security review. The offering is led by Morgan Stanley, Citigroup, Barclays, and UBS. The move reflects the booming demand for AI infrastructure and chips.
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Published 11 May 2026, 02:32 UTC3 min read
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Summary
TL;DR
- Cerebras raises IPO price range to $150-$160 per share.
- Shares offered increased to 30 million from 28 million.
- At top range, IPO could raise approximately $4.8 billion.
- Demand is more than 20 times the number of shares available.
- Customers include Amazon and OpenAI.
- Cerebras chips are optimized for AI inference, not training.
- IPO is the biggest globally so far this year, according to Dealogic.
Interesting facts
- Cerebras had previously pulled an IPO in 2024.
- G42 provided more than 80% of Cerebras' revenue in the first half of 2024.