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Cerebras Prices IPO Above $150-160 Range, Raises $4.8B on Massive Demand

GateNews
StocksAI Industry News

According to Bloomberg, Cerebras Systems is set to price its IPO above the US$150-160 range on May 13, 2026, with demand for the share sale surging more than 20 times over available shares. The AI chipmaker is offering 30 million shares and would raise US$4.8 billion at the top of the range, making it the biggest US IPO this year excluding private placements. The company reported net income of US$87.9 million on US$510 million in revenue for 2025, compared to a US$484.8 million loss on US$290.3 million in revenue in 2024. Cerebras plans to list on Nasdaq under the ticker CBRS.

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