07 Oct 2025 | 5 Mins Read
Cerebras CEO explains IPO withdrawal, reaffirms public listing plans
Flipitmoney
Cerebras CEO Andrew Feldman withdrew the company's IPO filing, citing significant changes since its initial 2024 filing. The company wants to revise its prospectus with updated financials and strategy information, due to improved business performance. A $1.1 billion funding round at $8.1 billion valuation was announced days prior, with new investors including Tiger Global and 1789 Capital.