Cerebras Systems, known for their pioneering work in the production of AI chips, is ready to launch their initial public offering in the US as early as next week, planning to list in the second quarter of 2026. This company, known for its innovative processors that are optimized for use in artificial intelligence, had previously withdrawn its IPO filing back in October. This came just days after it had announced an incredible escalation of over $1 billion funding, pushing the company’s valuation to an astounding $8 billion.
The IPO process began with filing documentation to the U.S. Securities and Exchange Commission in 2024. However, there have been some delays and it eventually withdrew earlier in the year. According to Reuters reporting, this delay has been largely caused by an assessment of national security carried out by the U.S. in respect of the minority investment made by G42, which is an UAE-based technology conglomerate.
G42, being one of the major investors and buyers of Cerebras, came under intense US regulatory scrutiny owing to worries that companies within the Middle East might be used for China’s continued acquisition of top US-based AI technology, as reported by Reuters. In the early part of this year, the Committee on Foreign Investment in the United States (CFIUS) of the United States cleared Cerebras.
In the most recent IPO filing, G42’s name has notably been dropped from Cerebras’ list of investors. Although the reasons for this removal have not been explained, this firm has, in the past, not only maintained a minority stake but also remained an important commercial supporter for Cerebras. Its involvement reportedly was one of the contentious aspects of the CFIUS review that contributed to delays around the earlier IPO attempt. Headquartered in Sunnyvale, California, Cerebras is recognized for its wafer-scale engines-chips designed to optimize training and inference for large AI models and go toe-to-toe with behemoths like Nvidia.
Despite turbulence in the earlier part of 2025 related to President Donald Trump’s sweeping tariffs and an extended government shutdown, U.S. IPO activity has noticeably fared well. Traditional listings have collected a whopping $46.15 billion this year alone, from more than 21% compared to the figures attained last year, as per Dealogic data. This is the largest volume since 2021. The anticipation seems to grow for 2026, as investment bankers predict an upsurge in momentum, particularly with big-name entities like Elon Musk’s SpaceX contemplating future public offerings.
