<div id="readability-page-1">May 10 (Reuters) - Cerebras Systems is set to raise the size and price of its initial public offering as soon as Monday, as demand for the artificial intelligence chipmaker's shares continues to climb, two people familiar with the matter told Reuters on Sunday. The company is considering a new IPO price range of $150-$160 a share, up from $115-$125 a share, and raising the number of shares marketed to 30 million from 28 million, said the sources, who asked not to be identified because the information isn't public yet. At the top of the new range, Cerebras would raise roughly $4.8 billion, up from $3.5 billion under its original terms, though the figures remain subject to change before pricing, the people said.​​​​​​​​​​​​​​​​ The increase follows a broader surge in AI adoption that has driven sharp demand for high-performance chips and turned semiconductors into a key bottleneck in the technology supply chain.​​​​​​​​​​​​​​​​ Cerebras' IPO has drawn orders for more than 20 times the number of shares available, the people said, as the chipmaker looks to manage surging interest ahead of its May 13 pricing.​​​​​​​​​​ Cerebras did not immediately respond to a request for comment. Bloomberg News previously reported the company planned to raise the price range of the IPO to $125-$135 per share. Sunnyvale, California-based Cerebras makes specialized chips for running advanced AI models in a market dominated by Nvidia.​​​​​​​​​​​​​​​Cerebras is seeing surging demand for its processors as AI labs shift from training models to deploying them. Cerebras' chips are better suited for inference, the computations that allow AI models to respond to user queries, than the GPU chips the industry has long relied on for model training. The IPO next week would mark Cerebras' second attempt to go public - the company first filed for an IPO in 2024 but pulled that plan last year. Its partnership with G42, a UAE-based AI company that provided more than 80% of its revenue in the first half of 2024, had drawn a national security review by the Committee on Foreign Investment in the United States. The committee eventually cleared the deal. Since then, Cerebras has secured Amazon and OpenAI, two of the biggest builders of AI infrastructure in the world, as customers. The listing would be the biggest IPO globally so far this year, according to Dealogic. The offering is being led by Morgan Stanley, Citigroup, Barclays and UBS Group AG. Cerebras plans for its shares to trade on the Nasdaq Global Select Market under the symbol CBRS. (Reporting by Echo Wang in New York; Editing by Paul Simao)</div>

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Cerebras Systems plans to raise its IPO price range to $150-$160 per share due to strong demand, with orders exceeding 20 times the available shares. The company will also increase the number of shares offered to 30 million, potentially raising $4.8 billion. This IPO, set for May 13, 2026, would be the largest globally this year. Cerebras specializes in AI chips, and its offerings have gained traction as demand for high-performance chips surges. The IPO is led by Morgan Stanley, Citigroup, Barclays, and UBS, with shares to trade on Nasdaq under the symbol CBRS.

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Exclusive-Cerebras to raise IPO price range to $150-$160 as demand surges, sources say