Nvidia Competitor Cerebras to Launch IPO, Scale Expected to Set New High for the Year
Cerebras Systems, a competitor to Nvidia, is planning an IPO that is expected to be the largest of the year. Amid surging demand for AI chips, the company may raise its IPO price range and the number of shares offered.
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- 📰 Published: May 11, 2026 at 13:19
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Central News Agency
(Central News Agency, New York 10th, comprehensive foreign report) Two informed sources told Reuters today that as market investors eagerly await the stock issuance of AI chip manufacturer Cerebras Systems, the company is expected to announce an upward revision of its initial public offering (IPO) scale and price as early as tomorrow.
The sources said that Cerebras is considering raising its IPO price range to $150 to $160 per share, higher than the previously reported $115 to $125 per share, and increasing the number of shares from 28 million to 30 million. This information has not yet been made public, and the sources declined to be named.
Based on the high end of the new price range, Cerebras' fundraising scale is approximately $4.8 billion, a significant increase from the original $3.5 billion, although the final figure may still be adjusted before pricing.
The sources pointed out that this adjustment reflects the significant growth of AI applications, which has led to a surge in demand for high-performance chips, making semiconductors a critical bottleneck in the technology supply chain.
Reuters reported that demand for Cerebras' IPO subscriptions may have exceeded 20 times the available shares. Cerebras has not yet responded to requests for comment.
Headquartered in California, Cerebras specializes in producing special chips for advanced AI model computing, a market dominated by Nvidia.
As AI labs shift from model training to actual deployment, demand for Cerebras processors has significantly increased. Compared to the GPU chips that the industry has long relied on for model training, Cerebras' chips are more suitable for inference computing, which is the computation required when AI models respond to user queries.
Next week will be Cerebras' second IPO application. The first application was in 2024, but the plan was withdrawn in 2025.
In the first half of 2024, Cerebras established a partnership with UAE AI company G42, which triggered a national security review by the US Committee on Foreign Investment in the United States. This cooperation was ultimately approved.
Since then, Cerebras has received orders from two major companies, Amazon and OpenAI.
According to analytics firm Dealogic, this listing will be the largest IPO globally this year. (Compiled by Chi Chin-ling) 1150511
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(Central News Agency, New York 10th, comprehensive foreign report) Two informed sources told Reuters today that as market investors eagerly await the stock issuance of AI chip manufacturer Cerebras Systems, the company is expected to announce an upward revision of its initial public offering (IPO) scale and price as early as tomorrow.
The sources said that Cerebras is considering raising its IPO price range to $150 to $160 per share, higher than the previously reported $115 to $125 per share, and increasing the number of shares from 28 million to 30 million. This information has not yet been made public, and the sources declined to be named.
Based on the high end of the new price range, Cerebras' fundraising scale is approximately $4.8 billion, a significant increase from the original $3.5 billion, although the final figure may still be adjusted before pricing.
The sources pointed out that this adjustment reflects the significant growth of AI applications, which has led to a surge in demand for high-performance chips, making semiconductors a critical bottleneck in the technology supply chain.
Reuters reported that demand for Cerebras' IPO subscriptions may have exceeded 20 times the available shares. Cerebras has not yet responded to requests for comment.
Headquartered in California, Cerebras specializes in producing special chips for advanced AI model computing, a market dominated by Nvidia.
As AI labs shift from model training to actual deployment, demand for Cerebras processors has significantly increased. Compared to the GPU chips that the industry has long relied on for model training, Cerebras' chips are more suitable for inference computing, which is the computation required when AI models respond to user queries.
Next week will be Cerebras' second IPO application. The first application was in 2024, but the plan was withdrawn in 2025.
In the first half of 2024, Cerebras established a partnership with UAE AI company G42, which triggered a national security review by the US Committee on Foreign Investment in the United States. This cooperation was ultimately approved.
Since then, Cerebras has received orders from two major companies, Amazon and OpenAI.
According to analytics firm Dealogic, this listing will be the largest IPO globally this year. (Compiled by Chi Chin-ling) 1150511
Choose to stand with facts, every sponsorship you make is a force to protect press freedom.
Download the Central News Agency 'First-hand News' APP to stay updated with the latest news.
Text, images, and videos on this website may not be reproduced, publicly broadcast, publicly transmitted, or utilized without authorization.