The firm intends to offer 28 million shares priced between $115 and $125 each. Should that occur, Cerebras' market capitalization might hit $26.6 billion, as reported by CNBC. In February, the semiconductor company revealed a funding round that assessed its worth at $23 billion.
Cerebras develops AI chips and operates data centers. Earlier, the company planned to pursue an IPO in the fall of 2024. Nonetheless, in the autumn of 2025, the firm retracted its documents without providing a reason in its SEC submission.
The company’s management delayed these plans because of a national security assessment by the Committee on Foreign Investment in the United States (CFIUS). The committee noted the investments made by G42, a UAE-based firm engaged in cloud computing and artificial intelligence, which is also Cerebras' largest client. US officials suspected G42 of connections to China, the report stated.
In April 2026, Cerebras submitted its IPO application for the second time. In the fourth quarter of the previous year, its revenue increased by around 76% compared to the same period last year, totaling $510 million, with net profit for that time at $87.9 million, according to CNBC.
source: cnbc.com
Cerebras develops AI chips and operates data centers. Earlier, the company planned to pursue an IPO in the fall of 2024. Nonetheless, in the autumn of 2025, the firm retracted its documents without providing a reason in its SEC submission.
The company’s management delayed these plans because of a national security assessment by the Committee on Foreign Investment in the United States (CFIUS). The committee noted the investments made by G42, a UAE-based firm engaged in cloud computing and artificial intelligence, which is also Cerebras' largest client. US officials suspected G42 of connections to China, the report stated.
In April 2026, Cerebras submitted its IPO application for the second time. In the fourth quarter of the previous year, its revenue increased by around 76% compared to the same period last year, totaling $510 million, with net profit for that time at $87.9 million, according to CNBC.
source: cnbc.com