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826 Cerebras files updated IPO terms: $3.5bn raise at $26.6bn valuation

The Next Web
Ana-Maria Stanciuc @ The Next Web · 05/04/2026 09:15 EDT

Three days after suggesting it might target up to $4bn at $40bn, the AI chipmaker has marketed 28 million shares at $115-$125 each, lining the deal up with its February private valuation rather than above it. Cerebras Systems was preparing to seek up to $4bn at a roughly $40bn valuation in its long-awaited initial public […]
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