Cerebras Systems hires Morgan Stanley to assist in restarting IPO plans

AI chip manufacturer Cerebras Systems has selected Morgan Stanley as the lead underwriter for its initial public offering (IPO) and plans to make another attempt at going public. According to some sources familiar with the matter, the fundraising scale may be around $2 billion, with the earliest possible launch in April. Another source stated that Cerebras has resubmitted its IPO filing and plans to meet with analysts and potential investors this month. Discussions are still ongoing, and specific details of the IPO may change.