When is Cerebras Systems' IPO expected to take place?

Cerebras Systems' IPO is expected to take place in 2025. Here is a detailed analysis: 1. **IPO Planning**: Cerebras Systems had confidentially filed for an IPO in mid-2024 with the SEC. The company was aiming to go public in 2025 after obtaining clearance from the Committee on Foreign Investment in the United States (CFIUS) to sell shares to Group 42 in the United Arab Emirates, a key step towards an IPO. 2. **Recent Developments**: Cerebras is currently in the process of raising up to $1 billion in private funding, which could delay its planned IPO. The company's CEO, Andrew Feldman, has expressed his hope that the IPO will take place in 2025. 3. **Market Conditions**: The broader IPO market has been slow since mid-2024, with companies pushing listings to 2025 amid uncertainty. Recent delays in tech IPOs since late 2024 indicate a broader reluctance in tech IPOs due to market volatility and rising interest rates. 4. **Financial Performance**: Cerebras has shown strong revenue growth but remains unprofitable. The company is targeting a valuation between $7 billion and $8 billion for its upcoming IPO, reflecting growing investor confidence in its wafer-scale architecture, rising revenues, and role in powering large AI models. In conclusion, Cerebras Systems' IPO is expected to take place in 2025, subject to final SEC approval and broader market conditions. The company's recent fundraising plans may delay its IPO, but the CEO's statement and the overall market sentiment suggest that an IPO in 2025 is still a realistic possibility.