Cerebras targets $40 billion valuation in second IPO attempt

THE DECODER / 5/4/2026

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Cerebras Systems, an AI chipmaker, is launching a second IPO attempt and is aiming to list on Nasdaq under the ticker CBRS.
The IPO roadshow begins Monday, with the company targeting an offering price range of $115 to $125 per share.
Reuters reports that Cerebras is targeting a valuation of around $40 billion as part of this fundraising effort.
The filing details and exact outcome will depend on market conditions and investor demand during the roadshow.
The planned Nasdaq listing and pricing strategy could signal ongoing investor interest in AI hardware supply chains.

AI chip maker Cerebras Systems is heading to the Nasdaq under the ticker CBRS. The IPO roadshow kicks off Monday, with shares targeted between $115 and $125, Reuters reports, citing a person familiar with the matter.

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