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SUNNYVALE, Calif. — The AI compute company Cerebras Systems plans to go public.
Cerebras Systems filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission for proposed initial public offering (IPO) of its Class A common stock, according to the company yesterday.
The number of shares of Class A common stock to be offered and the price range for the proposed offering have not yet been determined.
The offering is subject to market conditions. Cerebras Systems said there can be "no assurance as to whether or when the offering may be completed or as to the actual size or other terms of the offering."
Cerebras intends to list its Class A common stock on the Nasdaq Global Market under the ticker symbol “CBRS.”
Citigroup and Barclays are acting as lead book-running managers for the proposed offering. UBS Investment Bank, Wells Fargo Securities, Mizuho and TD Cowen are also acting as book-running managers.
Needham & Company, Craig-Hallum, Wedbush Securities, Rosenblatt and Academy Securities are acting as co-managers.
