Cerebras Systems chooses Morgan Stanley to lead the targeted $2 billion IPO financing

LootboxPhobia · 2026-03-07T01:10:03+00:00

Cerebras Systems Inc. chooses Morgan Stanley to lead its second IPO, with an estimated fundraising of approximately $2 billion, and is expected to go public as early as April. The company withdrew its first IPO application last year and has now submitted new documents, planning to meet with analysts and investors.

LootboxPhobia

2026-03-07 01:10:03

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Investing.com – According to Bloomberg, citing sources familiar with the matter, Cerebras Systems Inc. has chosen Morgan Stanley to lead its initial public offering. The AI chip manufacturer is making a second attempt at going public after withdrawing its previous IPO registration.

Some sources say the offering could be listed as early as April, with a fundraising target of approximately $2 billion. One insider mentioned that Cerebras has submitted new IPO documents and plans to meet with analysts and potential investors this month.

Cerebras withdrew its previous IPO registration in October last year, which had been filed nearly a year earlier.

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