Cerebras Systems Inc. has increased its initial public offering (IPO) to seek up to $4.8 billion, reflecting a strong demand for the artificial intelligence chipmaker’s shares. The company is now offering 30 million shares at a price between $150 and $160 each, up from an earlier plan of 28 million shares priced at $115 to $125. This IPO is supported by lead underwriters such as Morgan Stanley, Citigroup, Barclays, and UBS Investment Bank, and Cerebras plans to list its Class A common stock on the Nasdaq Global Select Market under the ticker symbol CBRS.

Cerebras Systems: Cerebras Systems is an AI chipmaker and data center operator that develops custom silicon, systems, and software to accelerate artificial intelligence workloads. The company filed a registration statement on Form S-1 with the SEC in April 2026 for its proposed initial public offering of Class A common stock on Nasdaq under the ticker CBRS. It recently upsized the IPO to offer 30 million shares priced at $150 to $160 each, aiming to raise up to $4.8 billion amid strong investor demand.
US Securities and Exchange Commission: The US Securities and Exchange Commission (SEC) is the federal agency responsible for regulating the securities markets and protecting investors by enforcing disclosure requirements for public offerings. Cerebras Systems submitted an updated filing to the SEC on Monday confirming the upsized IPO terms, including the increased share count and price range.

IPO Upsize: Cerebras increased its IPO from 28 million shares at $115-$125 to 30 million shares at $150-$160 each due to building demand for its shares.
Underwriters: Morgan Stanley, Citigroup, Barclays, and UBS Investment Bank are serving as lead book-running managers for the offering.
Listing Plans: Cerebras intends to list its Class A common stock on the Nasdaq Global Select Market under the ticker symbol CBRS.