| By Jan Paschal Posted May 10, 2026 Cerebras Systems (CBRS Proposed), a pioneer in the design of a big silicon wafer chip to drive AI computing, is the leader of the pack this week. Bankers expect to raise about $7.43 billion this week by pricing five big IPOs, including Cerebras. The Cerebras IPO – at $3.36 billion – is the biggest deal on this week’s IPO Calendar. But it’s likely to get even bigger by tomorrow morning. Cerebras is likely to increase its IPO’s price range to $125 to $135 early Monday- up from $115 to $125 in the prospectus, Bloomberg reported on Friday afternoon. By Sunday night, Reuters had reported that Cerebras might raise its price range to $150 to $160. Cerebras, based in Sunnyvale, California, provides hardware and software built for AI computing, the prospectus said. This is a NASDAQ listing. Cerebras earned net income of $237.8 million on revenue of $510 million for 2025, the prospectus said. Morgan Stanley, Citigroup, Barclays and UBS Investment Bank are leading the joint book-running team, which includes Mizuho and TD Cowen. The rest of this week’s IPO Calendar consists of four large deals: Fervo Energy (FRVO Proposed), a geothermal energy company, which aims to raise $1.25 billion; GMR Solutions (GMRS Proposed), the largest U.S.-based EMS provider, which plans to raise $750 million, Blackstone Digital Infrastructure Trust (BXDC Proposed), a new data center-focused REIT (real estate investment trust), which intends to raise$1.75 billion, and EagleRock Land (EROK Proposed), an oil and gas royalty company, which aims to raise $320 million. Stay tuned. |
