# Cerebras raised US$5.55 billion (S7.1 billion) in its US initial public offering (IPO) The artificial intelligence chipmaker seizes on the surging demand for semiconductors.

*fintech · news · 2026-05-14 · The Straits Times*

## Key points

- Cerebras Systems raised US$5.55 billion in its IPO, pricing shares above its marketed range.
- Cerebras achieved profitability in 2025 with US$87.9 million net income on US$510 million revenue.
- Arm Holdings and SoftBank Group attempted to acquire Cerebras weeks before its IPO.
- OpenAI holds 33.4 million Cerebras warrants, contingent on delivery milestones and hitting a US$40 billion valuation.
- Cerebras' IPO was oversubscribed by more than 20 times the number of shares offered.

**Companies:** Amazon.com, SpaceX, Cerebras Systems, Arm Holdings
**Countries:** United States

[Read the full story on The Straits Times](https://www.straitstimes.com/business/companies-markets/ai-chipmaker-cerebras-raises-7-1-billion-in-years-biggest-ipo)

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