Cerebras Readies New IPO After Pause.
Cerebras Systems, which makes AI chips, is preparing to file for a U.S. IPO, possibly as soon as next week. They aim to list in the second quarter of 2026, according to sources.
This is their second attempt at going public. Cerebras pulled its earlier IPO filing in October, after announcing it had received over $1 billion in funding, valuing it at $8 billion. This new IPO shows they’re back on track as the AI industry continues to grow. Cerebras wouldn’t comment.
Cerebras first filed with the U.S. Securities and Exchange Commission in 2024, but then paused its IPO earlier this year. Reuters reported that this was due to a U.S. national security review of a small investment by G42, a tech group in the UAE.
G42, once an investor and major customer of Cerebras, faced U.S. government checks because of concerns that Middle Eastern companies are helping China get American AI tech, according to Reuters. The review showed how AI supply chains and chip design are becoming important in global politics.
Cerebras said earlier this year that it had received approval from the Committee on Foreign Investment in the United States (CFIUS), removing a big block to its financial plans.
G42 won’t be listed as one of Cerebras’ investors in the upcoming IPO filing, a source said. Reuters couldn’t learn why. G42 didn’t reply to requests for comment.
Reports said that G42’s role was a major issue during the CFIUS review, leading to the earlier IPO being withdrawn. The Abu Dhabi-based firm was a small shareholder and partner.
Competing in a Growing Market
Cerebras, based in Sunnyvale, California, is known for its wafer-scale engine chips, which speed up how quickly AI models learn and make predictions. They compete with Nvidia and other chipmakers that are thriving as demand for AI hardware grows across the cloud, business, and science.
U.S. IPOs have been strong in 2025, despite market changes in April from President Donald Trump’s tariffs and a government shutdown. IPOs, excluding blank-check firms, have raised $46.15 billion this year, the most since 2021. Deal numbers are up by more than 21% from last year, according to Dealogic data.
Bankers expect this to continue into 2026 because the stock market is strong and large companies like Elon Musk’s SpaceX are considering going public.
Cerebras’ plan to move forward with an IPO is a key step in the global AI competition. Now that government issues are settled and investors are interested in AI, a successful IPO could position Cerebras to grow as demand for advanced computers increases.
The next few months will show if the market is right for Cerebras’ plans. For now, the company is back to working on an IPO.