Chicago / Edinburgh
United States · Nasdaq

Cerebras Systems

Cerebras Systems designs processors for training and running artificial-intelligence systems.

Cerebras Systems (Ticker: CBRS US) designs processors that train artificial-intelligence systems and run them when they are put to use. Its software links the company’s systems into supercomputers that can be operated on site or accessed through cloud-based offerings. For the 12 months ended December 31, 2025, it reported approximately $510.00 million in revenue and $237.80 million in net income. The company revived its IPO plans in April 2026 after withdrawing an earlier IPO filing in October 2025.

The scheduled listing date on Nasdaq was May 14, 2026. The proposed offering comprises 30,000,000 shares at an indicative price range of $150.00–160.00 per share. At the indicative range midpoint, the base offering would represent $4.65 billion in gross proceeds, excluding any unexercised over-allotment. The indicated IPO market capitalization is $33.00 billion.

Morgan Stanley, Citigroup, Barclays, UBS Investment Bank, Mizuho Securities and TD Securities are bookrunners.

Prepared with IPOX® AI assistance. Information may contain errors.

Prepared with IPOX® AI assistance. Information may contain errors.

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