Cerebras Systems Inc. is accelerating its push into the public markets to raise capital and strengthen its position in the rapidly expanding AI chip sector.

Cerebras IPO Plans And Strong Investor Demand

Cerebras Systems plans to raise up to $3.5 billion through an initial public offering, offering 28 million shares priced between $115 and $125 each, according to its SEC filing.

The company revived its IPO efforts after withdrawing a previous registration and making a confidential filing earlier this year.

Investor interest appears strong, with banks reportedly receiving indications of demand exceeding $10 billion, Bloomberg reported on Monday, citing people familiar with the ...