US EditionAI chipmaker Cerebras files to go public after scrapping IPO plans last year
The AI chipmaker shifted to cloud-based computing from its own data centers and said OpenAI’s expanded deal could exceed $20 billion.
- On Friday, Sunnyvale-based AI chipmaker Cerebras Systems filed for a U.S. initial public offering, aiming to list on the Nasdaq under ticker symbol "CBRS," according to people familiar with the matter.
- Cerebras previously withdrew its IPO paperwork last year to add financial details, while shifting from selling chips to offering cloud AI services and raising over $1 billion in a funding round valued at $8 billion last September.
- OpenAI has expanded its computing partnership with Cerebras in an agreement valued at over $20 billion, providing up to 750 megawatts of computing power through 2028 with OpenAI CEO Sam Altman listed as an investor.
- Morgan Stanley, Citigroup, Barclays, and UBS are leading the offering as retail investors pursue tech IPOs following a market drought since 2022, with the IPO market regaining momentum after recent volatility.
- CEO Andrew Feldman, who previously sold startup SeaMicro for $355 million in 2012, leads Cerebras as analysts expect generative AI companies to spearhead tech sector listings amid broader industry growth.
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Nvidia rival Cerebras reveals US IPO filing as AI boom drives listings
April 17 : AI chipmaker Cerebras Systems disclosed its filing for a U.S. initial public offering on Friday, bringing the Nvidia rival closer to the public markets as optimism builds around a broader revival in the listings market.The company, which develops high-performance processors for artificial intellige
Sources: Cerebras plans to make its IPO public as soon as Friday, aiming to raise $3B+ at a $35B+ valuation, a 60% premium to its $22B February valuation
The Information: Sources: Cerebras plans to make its IPO public as soon as Friday, aiming to raise $3B+ at a $35B+ valuation, a 60% premium to its $22B February valuation — Chip startup Cerebras is planning to make its IPO paperwork public as soon as Friday, The Information reported Thursday.
AI chip developer Cerebras Systems files to go public amid rapid revenue growth
Cerebras Systems Inc., the developer of the wafer-size WSE-3 artificial intelligence chip, today filed to go public. The move comes about 18 months after the company’s first attempt to list its shares. It filed for an initial public offering in September 2024, but withdrew the paperwork late last year. Cerebras explained at the time that […] The post AI chip developer Cerebras Systems files to go public amid rapid revenue growth appeared first o…
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