"Cerebras, dubbed the 'Nvidia challenger,' is reportedly going public next week and may be the largest IPO in the US this year."

According to US media reports on Friday, May 8, Cerebras plans to go public next Thursday, May 14. This IPO is expected to become the largest new stock issuance in the US this year.

The chip manufacturer, known for producing "dish-sized" AI chips, submitted documents this week showing an IPO pricing range of $115 to $125 per share. If priced at the upper limit, the fundraising scale will reach $3.5 billion.

Cerebras's chips occupy the entire surface of a silicon wafer, while traditional processes usually etch dozens of chips on each wafer. In January this year, OpenAI signed a cooperation agreement with Cerebras worth more than $10 billion. OpenAI holds warrants for the company and can purchase over 33 million shares.

Cerebras previously withdrew its listing plan in October last year but resubmitted the IPO filing last month, aiming to list under the stock code CBRS.

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