AI chipmaker Cerebras Set to Price Blockbuster IPO Above Revised Range Amid Surging Demand
US-based Artificial Intelligence chipmaker Cerebras Systems is poised to price its highly anticipated Initial Public Offering (IPO) above its recently revised guidance of US$150 to US$160 per share. The pricing is expected to be finalized on May 13, following an overwhelming surge in investor demand.
The company has expanded its offering to 30 million shares. At the top end of the revised price range, Cerebras AIms to raise APProximately US$4.8 billion. This substantial figure positions the listing as the largest US IPO of the year, excluding private placements. Market sources indicate that the offering has garnered massive interest, with order books reportedly exceeding the available shares by more than 20 times.
Financially, Cerebras has dEMOnstrated a remarkable turnaround. For the 2025 fiscal year, the company reported net income of US$87.9 million on revenue of US$510 million. This marks a significant recovery from the previous year, where it posted a net loss of US$484.8 million on revenue of US$290.3 million.
Cerebras plans to list its Class A common stock on the Nasdaq Global Select Market under the ticker symbol "CBRS".
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