Cerebras Systems announced plans to sell 28 million shares at $115 to $125 each, seeking to raise roughly $3.5 billion and achieve a market valuation of up to $26.6 billion. The AI‑chipmaker’s filing lists a roster of high‑profile investors—including OpenAI founders Sam Altman and Greg Brockman, Fidelity, and Tiger Global—many of whom stand to profit from a successful debut. A $1 billion loan from OpenAI, secured by warrants on over 33 million shares, underscores the deep ties between the two firms. If demand holds, the offering could become the largest tech IPO of 2026. Read more →