Cerebras could pull off the largest IPO of 2026

Cerebras is considering raising its IPO price range to $150-$160 from $115-$125, reflecting strong investor demand.

The company may also increase the share count from 28 million to 30 million, lifting total proceeds to nearly $4.8 billion.

The larger debut would underscore demand for AI infrastructure firms and could set a key valuation benchmark for chip makers.

Cerebras, a wafer-scale AI chip maker, is expected to list on Nasdaq with support from major banks including Morgan Stanley and Citi.