Cerebras raises IPO price range to $150-$160 per share
Key takeaways
- The Sunnyvale, California-based company is also increasing the number of shares marketed to 30 million from 28 million.
- Demand has been intense enough that orders have come in at more than 20 times the available share supply, Reuters reported.
- Cerebras makes wafer-scale AI chips — processors built using an entire silicon wafer rather than being cut into smaller pieces — designed for AI training and inference workloads.
Cerebras raises IPO price range to $150-$160 per share Quartz · Nur Photo / Getty Images Cris Tolomia Mon, May 11, 2026 at 6:46 PM GMT+7 2 min read CESY.PVT Cerebras Systems is raising its IPO price range to $150 to $160 per share, up from an initial band of $115 to $125, as investor demand for the AI chipmaker's shares continues to climb, according to Reuters, citing unnamed sources.
The Sunnyvale, California-based company is also increasing the number of shares marketed to 30 million from 28 million. Sources who declined to be named given the sensitivity of the information said Cerebras is weighing a revised price range of $150 to $160 per share — up from $115 to $125 — while also looking to increase the number of marketed shares from 28 million to 30 million. Should shares price at the high end, total proceeds would reach approximately $4.8 billion — compared with $3.5 billion under the original structure — though both figures could still shift before the IPO's May 13 pricing date, according to CNBC.
Demand has been intense enough that orders have come in at more than 20 times the available share supply, Reuters reported. Data from Dealogic shows the offering would rank as the top IPO by size anywhere in the world through this point in 2026. Bloomberg News had previously reported that Cerebras planned to raise its IPO price range to $125 to $135 per share.