Artificial intelligence chipmaker Cerebras Systems filed for an initial public offering with the Securities and Exchange Commission on Friday, after withdrawing its IPO plans in October 2025, stating the 2024 filing document was “stale.”
Cerebras Systems, a California-based competitor to Nvidia (NASDAQ:NVDA), submitted a registration statement to the SEC for the proposed IPO of its Class A common stock.
The number of shares and the price range for the offering are yet to be determined, contingent on market conditions.
The company plans to list its Class A common stock on the Nasdaq Global Select Market under the ticker symbol “CBRS.”
Cerebras stated that the offering will be managed by Morgan Stanley (NYSE:MS), Citigroup (NYSE:C), Barclays (NYSE:BCS) and UBS Investment Bank (NYSE:UBS) as lead book-running managers, with Mizuho and TD Cowen as bookrunners.
The company competes in the AI hardware market and was last valued at about $8 billion.
The announcement comes two days after Cerebras Systems closed an up to $850 million credit facility to expand its data center capacity and support growth.
OpenAI And Amazon Partnerships
Earlier this year, Cerebras Systems secured a landmark deal with OpenAI to provide 750 megawatts of computing power. It also partnered with Amazon (NASDAQ:AMZN) to accelerate AI inference for large language models, strengthening its position in AI infrastructure.
Cerebras Systems is moving forward with its public listing as demand for AI computing infrastructure accelerates, positioning the company to raise capital for expansion amid growing competition in the AI chip market and rising adoption of large-scale model training and inference workloads.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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