Cerebras CEO Confirms Plans to Re-File IPO After Withdrawal

AI chipmaker Cerebras Systems quietly withdrew its S-1 filing, but the company has affirmed that its intention to go public remains unchanged. The decision comes following a surge in growth and a new funding round that values the company at $8.1 billion.

On LinkedIn, CEO Andrew Feldman admitted the silence around the IPO withdrawal was a mistake. “Over the course of the last year, it had grown stale… we decided to withdraw so that we can re-file with updated financials, strategy information… It’s a procedural step, not a strategic shift,” he said.

Cerebras first filed to go public in September 2024, stepping into the spotlight as a hopeful challenger to Nvidia in AI chip infrastructure. But its path was complicated by a U.S. national security review of its relationship with G42, an Abu Dhabi AI and cloud firm.

Just days before the withdrawal, Cerebras secured $1.1 billion in fresh capital from investors including Fidelity and Atreides, reinforcing its financial runway.

Feldman framed the move as an opportunity to present more up-to-date results to future public market investors. “We will re-file our S-1 when the updated materials are ready… We’re not slowing down,” he asserted.

With IPO markets showing renewed strength, Cerebras’s retreat is seen by analysts as a tactical pause, rather than a pullback from ambitions. The company’s re-filing strategy is now being closely watched as an indicator of confidence in its long-term trajectory.