"AI chip unicorn Cerebras plans to go public as early as October, with a valuation of potentially over 4 billion US dollars."

According to sources, AI chip startup company Cerebras Systems plans to conduct its first public offering (IPO) as early as October. Previously reported, this artificial intelligence company may seek a valuation of over $4 billion in the IPO, exceeding the $4 billion valuation from its 2021 Series F financing round. Cerebras has enlisted Barclays to participate in the transaction. According to a Bloomberg report from April, Cerebras has chosen Citigroup as the lead bank and has secretly submitted its listing application to the U.S. Securities and Exchange Commission (SEC). Sources say that discussions are still ongoing, and IPO details may change, with the possibility of more banks joining the IPO list. Representatives from Cerebras and Barclays declined to comment. As U.S. IPOs continue to steadily recover, Cerebras will join the ranks of public companies. Data compiled by Bloomberg shows that so far this year, despite lower activity compared to pre-pandemic levels, U.S. IPOs have raised nearly $30 billion, more than double the amount raised during the same period in 2023. According to the company's website, the optimized Cerebras flagship system, CS-3, can handle artificial intelligence computing workloads and is designed to power integrated artificial intelligence supercomputers. According to previous statements, Cerebras raised $250 million in its 2021 Series F financing round, valuing the company at over $4 billion. This funding round was led by Alpha Wave Ventures, the Abu Dhabi Growth Fund, and G42. The statement also mentioned existing investors such as Altimeter Capital, Benchmark Capital, and Coatue Management.