Deals
AI Chipmaker Cerebras Is Said to Plan IPO as Soon as October
- Silicon Valley company has added Barclays to IPO’s bank lineup
- Cerebras Systems filed confidentially with US SEC for listing
This article is for subscribers only.
Cerebras Systems, a startup making semiconductors optimized for artificial intelligence uses, is targeting a launch for its initial public offering as soon as October, according to people familiar with the matter.
The Silicon Valley firm has added Barclays Plc to the lineup of banks working on the deal, the people said. Cerebras picked Citigroup Inc. as the lead bank, Bloomberg News reported in April, and has filed confidentially with the US Securities and Exchange Commission for a listing.