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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.
Cerebras Systems raised US$5.55 billion in its IPO, pricing shares above its marketed range.
KEY POINTS
- 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
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