Cerebras Systems filed a public S-1 registration statement with the SEC on April 17, targeting a mid-May listing on Nasdaq under the ticker CBRS. The filing discloses $510 million in 2025 revenue (up 76% year-over-year), a $23 billion valuation from its February 2026 Series H, and a reported OpenAI agreement worth over $20 billion for Cerebras-powered compute capacity through 2028, as well as an AWS partnership for inference distribution. TechCrunch and Bloomberg report the offering is being underwritten by Morgan Stanley, Citi, Barclays, and UBS. This is the company's second IPO attempt after withdrawing a 2024 filing due to federal review of a G42 investment.