AI chip manufacturer Cerebras raised $5.5 billion in its IPO. The share price was set at $185, exceeding initial expectations of $115-125 and later $150-160. The deal values the company at $56.4 billion. According to Techcrunch.com reports.
Founders Andrew Feldman and Sean Li have seen their wealth grow significantly. A year ago, this result seemed impossible for Cerebras. As a competitor to NVIDIA, Cerebras attempted an IPO in 2024, but plans were halted due to investigations involving Abu Dhabi's Group 42 and financial issues.
In 2025, the situation changed dramatically: Cerebras increased its revenue to $510 million, marking 76% growth. The company overcame previous years' losses, achieving a net profit of $237.8 million. This success restored investor confidence.
Today, Cerebras has become a key player in supplying chips for AI inference. Its client list includes major organizations such as OpenAI, G42, Mohamed bin Zayed University of Artificial Intelligence, and Amazon Web Services.
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