--- title: "NVIDIA's competitor is about to go public! AI chip company Cerebras Systems IPO pricing has risen to $185 with subscription demand exceeding 20 times" type: "News" locale: "en" url: "https://longbridge.com/en/news/286325318.md" description: "Cerebras Systems plans to conduct an initial public offering (IPO) at a price of $185 per share, with subscription demand exceeding 20 times, expected to raise $5.55 billion, and a market capitalization of approximately $40 billion. The company has increased the offering size to 30 million shares, as demand for its AI chips continues to grow, and Cerebras is seen as a major competitor challenging NVIDIA" datetime: "2026-05-13T22:27:02.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286325318.md) - [en](https://longbridge.com/en/news/286325318.md) - [zh-HK](https://longbridge.com/zh-HK/news/286325318.md) --- # NVIDIA's competitor is about to go public! AI chip company Cerebras Systems IPO pricing has risen to $185 with subscription demand exceeding 20 times According to Zhitong Finance APP, as the demand for artificial intelligence chips continues to soar, AI chip manufacturer Cerebras Systems' initial public offering (IPO) is being enthusiastically pursued by the market, with its valuation expected to reach approximately $40 billion. According to insiders, Cerebras is expected to complete its U.S. IPO pricing later on Wednesday at a price of $185 per share, higher than the previous issuance range of $150 to $160. The company has previously raised the issuance scale to 30 million shares. At a price of $185, this IPO financing scale will reach approximately $5.55 billion. According to the company's submitted documents, Cerebras' market capitalization after listing will reach approximately $40 billion; if restricted stock, employee options, and warrants are included, the fully diluted valuation will be approximately $49 billion. Insiders have indicated that the current subscription demand for this IPO has exceeded 20 times the number of shares being issued. Due to the exceptionally strong market demand, Cerebras and its underwriters are trying to more accurately assess the true subscription situation. It is reported that the company requires institutional investors to clearly state the number of shares they are willing to purchase and the maximum price they are willing to accept when submitting orders. The investment boom in AI infrastructure is driving a new round of IPO frenzy in the semiconductor industry, and Cerebras is also seen as an important new force challenging NVIDIA's (NVDA.US) dominance in AI chips. Currently, Cerebras has established partnerships with several AI industry giants. This year, Amazon (AMZN.US) stated that it plans to use Cerebras chips alongside its self-developed Trainium processors to run AI software. Meanwhile, OpenAI also released its first model running on Cerebras chips in February this year. Company documents show that OpenAI currently holds 33.4 million Cerebras warrants, some of which have vesting conditions that include: the company's market capitalization exceeding $40 billion and Cerebras delivering AI computing power services on time. In addition, insiders previously revealed that weeks before the IPO, Arm Holdings (ARM.US) and its controlling shareholder SoftBank had approached Cerebras to discuss potential acquisition matters. Financial data shows that Cerebras' performance is growing rapidly. The company's revenue is expected to reach $510 million in 2025, achieving a net profit of $87.9 million; while the previous year's revenue was only $290.3 million, with a net loss of $484.8 million. This IPO is jointly underwritten by Morgan Stanley, Citigroup, Barclays, and UBS Group. Cerebras is expected to be listed on the Nasdaq Global Select Market under the stock code "CBRS" ### Related Stocks - [CBRS.US](https://longbridge.com/en/quote/CBRS.US.md) - [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md) - [NVDS.US](https://longbridge.com/en/quote/NVDS.US.md) - [IGV.US](https://longbridge.com/en/quote/IGV.US.md) - [SOXX.US](https://longbridge.com/en/quote/SOXX.US.md) - [SOXL.US](https://longbridge.com/en/quote/SOXL.US.md) - [07788.HK](https://longbridge.com/en/quote/07788.HK.md) - [NVDL.US](https://longbridge.com/en/quote/NVDL.US.md) - [NVDY.US](https://longbridge.com/en/quote/NVDY.US.md) - [XLK.US](https://longbridge.com/en/quote/XLK.US.md) - [NVD.US](https://longbridge.com/en/quote/NVD.US.md) - [NVDX.US](https://longbridge.com/en/quote/NVDX.US.md) - [SMH.US](https://longbridge.com/en/quote/SMH.US.md) - [XSW.US](https://longbridge.com/en/quote/XSW.US.md) - [NVDU.US](https://longbridge.com/en/quote/NVDU.US.md) - [NVDQ.US](https://longbridge.com/en/quote/NVDQ.US.md) - [NVDD.US](https://longbridge.com/en/quote/NVDD.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) - [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) - [NVD.DE](https://longbridge.com/en/quote/NVD.DE.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 - [Could Nvidia become the first $10 trillion company?](https://longbridge.com/en/news/285781599.md) - [Nvidia CEO's foundation buys $108 million of AI computing from CoreWeave, donates it to researchers](https://longbridge.com/en/news/286331249.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) - [Nvidia's Jensen Huang to join Trump's China visit, sources say](https://longbridge.com/en/news/286178147.md) - [US clears H200 chip sales to 10 China firms.](https://longbridge.com/en/news/286366574.md)