Cerebras prices IPO May 13 at up to $48.8B; BXDC seeks $1.75B in AI capital day

AI accelerator maker Cerebras Systems raised its IPO price range on May 11 from $115-125 to $150-160. At 30 million shares, the deal could value the company at up to $48.8B fully diluted and raise $4.8B. More than 20x demand drove the increase; pricing is set for May 13 and Nasdaq listing for May 14 under ticker CBRS. Cerebras posted 2025 revenue of $510M and holds a 750MW compute contract with OpenAI. On the same day, Blackstone Digital Infrastructure Trust (BXDC) is set to price 87.5M shares at a fixed $20, raising about $1.75B before a May 14 NYSE listing.