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800 AI chip startup Cerebras targets $3.5B IPO on Nasdaq as AI race heats up, eyes $26.6B valuation

Startups News
Nickie Louise @ Startups News · 05/04/2026 07:08 EDT

AI chip startup Cerebras targets $3.5B IPO on Nasdaq as AI race heats up, eyes $26.6B valuation

Cerebras is aiming to raise up to $3.5 billion in a Nasdaq listing, according to an updated prospectus filed Monday—a move first reported by CNBC. The company plans to sell 28 million shares priced between $115 and $125. At the ...

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