Cerebras Markets IPO at Up to $26.6 Billion Valuation
Cerebras Systems began marketing a US initial public offering Monday, offering 28 million shares at $115 to $125 each. At the midpoint, the AI chipmaker would raise about $3.24 billion and be valued at roughly $25.5 billion; at the top of the range, the valuation would reach about $26.6 billion.
The company said 2025 revenue rose 76% to $510 million from $290 million a year earlier and that it posted its first GAAP profit, with net income of $237.8 million. Cerebras has also cited a multi-year OpenAI agreement valued at more than $20 billion for 750 megawatts of compute, and said Amazon.com's AWS signed a binding term sheet to become its first hyperscaler customer.
From the sources (5 posts)
@reutersCerebras targets $26.6 billion valuation in US IPO as AI chip demand surges
@stockmktnewzCerebras just gave out some more details for its upcoming IPO Cerebra said today its planning to raise ~$3.24 billion at a post IPO valuation of ~$25.5 billion
@stocksavvyshayCerebras $CBRS filed updated IPO terms offering 28M shares at $115-$125 to raise ~$3B at ~$26B valuation. The $NVDA rival grew 2025 sales 76% to $510M, turned GAAP profitable, has $20B+ OpenAI deal for 750 MW of compute & says $AMZN AW
@jaredkubin$CBRS CEREBRAS IPO maths (DAY 1 of ROADSHOW): *ipo model below for you Lets take a fresh look. There are some private investors in $CBRS on here, so they can weigh in better than me. To be clear... I have not made detailed forecasts and th
@businessA group of companies led by AI chipmaker Cerebras began marketing US IPOs Monday, as firms eyeing second-quarter debuts move ahead of SpaceX’s potentially record listing