--- title: "Wall Street Frenzy: Reports Say AI Chipmaker Cerebras IPO Pricing Repeatedly Exceeds Expectations, Valuation Approaches $49 Billion" type: "News" locale: "en" url: "https://longbridge.com/en/news/286324261.md" description: "AI chipmaker Cerebras Systems' IPO pricing has repeatedly exceeded expectations, with an expected price of $185 per share, far above the initial issue price range of $150 to $160. The fundraising scale is set to reach $5.55 billion, with a market capitalization of approximately $40 billion and a fully diluted valuation of about $49 billion. The IPO attracted over 20 times oversubscription, requiring underwriters to actively intervene to manage subscription order. Cerebras has established key partnerships with Amazon and OpenAI, with fiscal 2025 revenue projected at $510 million and net profit at $87.9 million" datetime: "2026-05-13T22:11:48.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286324261.md) - [en](https://longbridge.com/en/news/286324261.md) - [zh-HK](https://longbridge.com/zh-HK/news/286324261.md) --- # Wall Street Frenzy: Reports Say AI Chipmaker Cerebras IPO Pricing Repeatedly Exceeds Expectations, Valuation Approaches $49 Billion AI chipmaker Cerebras Systems is rushing into the U.S. stock market with enthusiasm far exceeding expectations, as its IPO pricing range has been repeatedly breached, reflecting Wall Street's strong bet on the AI semiconductor sector. On May 13, Bloomberg cited insiders revealing that **Cerebras is expected to price at $185 per share, higher than the previous issue price range of $150 to $160.** In terms of subscription demand, this IPO has attracted more than 20 times oversubscription. **Cerebras raised its pricing range and share count on Monday, and if the final price lands at $185, it will once again exceed the upper limit of the revised range.** The report cited insiders stating that **relevant negotiations are still ongoing, the final pricing has not been determined, and the actual price could even be higher.** At $185 per share, the IPO fundraising scale will reach $5.55 billion, giving Cerebras a market capitalization of approximately $40 billion. It is estimated that if restricted stock units, employee options, and warrants are included, its fully diluted valuation will be approximately $49 billion. ## Demand Heat Far Exceeds Expectations, Underwriters Actively Manage Order The market enthusiasm for Cerebras' listing has forced the underwriting team to actively intervene. According to reports, the company required institutional investors participating in the IPO subscription to clearly specify the number of shares needed and the maximum acceptable price to identify genuine demand. This IPO is jointly led by Morgan Stanley, Citigroup, Barclays, and UBS Group as lead underwriters. The stock will be listed on the Nasdaq Global Select Market under the ticker symbol CBRS. **Cerebras' latest financial data provides fundamental support for its high valuation.** According to its filing documents, the company achieved revenue of $510 million and net profit of $87.9 million in fiscal 2025. In contrast, revenue in the previous fiscal year was only $290.3 million, with a net loss of $484.8 million, marking a leap from loss to profitability within one year. ## Deep Ties with Amazon and OpenAI, Competitive Landscape Emerges Cerebras has established key partnerships within the top-tier AI ecosystem. Amazon announced earlier this year its plan to use Cerebras chips in conjunction with Trainium processors to run AI software; OpenAI released its first model running on Cerebras chips in February this year. Documents show that OpenAI holds 33.4 million Cerebras warrants, some of which have vesting conditions including computing power delivery milestones and Cerebras' market capitalization exceeding $40 billion. According to Bloomberg, in the weeks before Cerebras launched its IPO, Arm Holdings and its controlling shareholder SoftBank Group had contacts regarding the acquisition of Cerebras. Although these acquisition talks did not result in a transaction, they indirectly confirm the company's strategic value in the AI chip field. Risk Warning and Disclaimer The market carries risks, and investment requires caution. This article does not constitute personal investment advice, nor does it take into account the specific investment goals, financial status, or needs of individual users. Users should consider whether any opinions, views, or conclusions in this article align with their specific circumstances. Investment based on this content is at the user's own risk. ### Related Stocks - [CBRS.US](https://longbridge.com/en/quote/CBRS.US.md) - [AMZU.US](https://longbridge.com/en/quote/AMZU.US.md) - [AMZZ.US](https://longbridge.com/en/quote/AMZZ.US.md) - [MS.US](https://longbridge.com/en/quote/MS.US.md) - [C.US](https://longbridge.com/en/quote/C.US.md) - [BCS.US](https://longbridge.com/en/quote/BCS.US.md) - [UBS.US](https://longbridge.com/en/quote/UBS.US.md) - [AMZN.US](https://longbridge.com/en/quote/AMZN.US.md) - [OpenAI.NA](https://longbridge.com/en/quote/OpenAI.NA.md) - [ARM.US](https://longbridge.com/en/quote/ARM.US.md) - [9984.JP](https://longbridge.com/en/quote/9984.JP.md) - [SFTBY.US](https://longbridge.com/en/quote/SFTBY.US.md) - [MS-O.US](https://longbridge.com/en/quote/MS-O.US.md) - [MS-Q.US](https://longbridge.com/en/quote/MS-Q.US.md) - [MS-E.US](https://longbridge.com/en/quote/MS-E.US.md) - [MS-I.US](https://longbridge.com/en/quote/MS-I.US.md) - [MS-L.US](https://longbridge.com/en/quote/MS-L.US.md) - [MS-P.US](https://longbridge.com/en/quote/MS-P.US.md) - [MS-A.US](https://longbridge.com/en/quote/MS-A.US.md) - [MS-F.US](https://longbridge.com/en/quote/MS-F.US.md) - [MS-K.US](https://longbridge.com/en/quote/MS-K.US.md) - [C-R.US](https://longbridge.com/en/quote/C-R.US.md) - [BARC.UK](https://longbridge.com/en/quote/BARC.UK.md) ## Related News & Research - [Amazon.com Adds AI-Powered Alexa Responses to Shopping Search Bar](https://longbridge.com/en/news/286329275.md) - [EXCLUSIVE-Cerebras to raise IPO price range to $150-$160 as demand surges, sources say](https://longbridge.com/en/news/285852049.md) - [Nextech3D.ai Launches Krafty Labs AI Event Marketplace | NEXCF Stock News](https://longbridge.com/en/news/286090006.md) - [Dot Ai Reports First Quarter 2026 Financial Results | DAIC Stock News](https://longbridge.com/en/news/285990697.md) - [Nvidia Rival Cerebras Systems Eyes IPO Price Hike To $150–$160 Per Share As Investor Frenzy Over AI Chipmaker Intensifies: Report](https://longbridge.com/en/news/285899153.md)