# Cerebras is aiming for a significant valuation in its US initial public offering.

*semiconductor · news · 2026-05-04 · The Economic Times*

## Key points

- Cerebras seeks a $26.62 billion valuation in its US IPO, aiming to raise $3.5 billion.
- Cerebras secured a multi-year, $20 billion deal with OpenAI to deploy 750 megawatts of compute.
- Cerebras reported a profit of $1.38 per share after a previous loss of $9.90 per share.
- Cerebras withdrew a prior IPO filing last October and is now attempting a second public listing.

**Companies:** Nvidia, Tiger Global, Cerebras, AMD, Fidelity Management, Benchmark, Altimeter, Coatue
**Countries:** United States

[Read the full story on The Economic Times](https://economictimes.indiatimes.com/tech/technology/cerebras-targets-26-6-billion-valuation-in-us-ipo-as-ai-chip-demand-surges/articleshow/130795464.cms)

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