AI chipmaker Cerebras plans IPO to raise $3.5 billion at a $26.6 billion valuation

Techub News, according to TechCrunch, AI chip maker Cerebras Systems announced plans to issue 28 million shares at a price of $115 to $125 per share, aiming to raise $3.5 billion, with a maximum valuation of $26.6 billion. If successfully listed, this would be the largest tech IPO so far in 2026.

The company has close ties with OpenAI, with executives like Sam Altman serving as angel investors. Cerebras focuses on the AI-specific chip Wafer-Scale Engine 3, claiming superior performance in inference speed and energy efficiency compared to traditional GPUs. This listing may signal market demand for larger-scale tech IPOs.