Reuters: IPOX® CEO Josef Schuster Comments on Cerebras’ Withdrawal from U.S. IPO Plans

In an article published by Reuters, AI chipmaker Cerebras Systems, a competitor to Nvidia, has withdrawn its plans for a U.S. IPO, despite strong investor enthusiasm for AI-related stocks. The move follows Cerebras’ recent $1.1 billion funding round led by Fidelity Management & Research and Atreides Management, valuing the company at $8.1 billion.

IPOX® CEO Josef Schuster provided expert commentary on the development, noting that Cerebras’ decision reflects strategic timing rather than market weakness:

“Given that Cerebras just very recently completed a sizeable fund raise, it is of no surprise that they are holding off to pursue the IPO at this time”, said Schuster.

He further emphasized that the withdrawal should not be interpreted as a broader signal about the health of the U.S. IPO market:

“We believe this is more a company-specific strategic decision and does not tell us anything about the state of U.S. IPO sentiment, which we view as exceptionally strong”, Schuster added.

Cerebras, based in Sunnyvale, California, continues to position itself as a key player in the high-performance AI chip sector, with plans to pursue a public listing in the future.

Read the full article by Prakhar Srivastava on Reuters: AI chip firm Cerebras files to withdraw highly anticipated US listing