Cerebras Raises IPO Price Range Again as Investor Demand Surges

Cerebras Systems is preparing to raise the price range of its initial public offering to between 150 and 160 dollars per share, according to Bloomberg. The company is also expected to increase the number of shares on offer from 28 million to 30 million as investor interest continues to climb.

At the top of the new range, Cerebras could raise about 4.8 billion dollars, which would make it the largest IPO globally so far in 2026, Reuters reported. Orders for the shares have exceeded 20 times the amount available, reflecting strong demand for AI hardware as chip supply constraints persist.

Cerebras, based in Sunnyvale, California, designs wafer scale processors used for running advanced AI models. Its chips are optimized for inference workloads and compete directly with those from NVIDIA. The company counts OpenAI and Amazon among its key customers.

The shares are expected to begin trading on the Nasdaq under the symbol CBRS. Morgan Stanley, Citigroup, Barclays, and UBS are leading the offering.