Cerebras Systems, Inc. announced plans to commence its roadshow for an initial public offering of Class A common stock. The company filed a registration statement on Form S-1 with the Securities and Exchange Commission to offer 28,000,000 shares to the public.

The initial public offering price is expected to range between $115.00 to $125.00 per share. Cerebras intends to grant underwriters a 30-day option to purchase up to an additional 4,200,000 shares of Class A common stock.

The company has applied to list its Class A common stock on the Nasdaq Global Select Market under the ticker symbol "CBRS."

Morgan Stanley, Citigroup, Barclays, and UBS Investment Bank will serve as lead book-running managers for the offering. Mizuho and TD Cowen will act as bookrunners, while Needham & Company, Craig-Hallum, Wedbush Securities, Rosenblatt, Academy Securities, Credit Agricole CIB, MUFG, and First Citizens Capital Securities will serve as co-managers.