Cerebras Systems Inc. selected Morgan Stanley to lead a potential initial public offering.

The AI chipmaker aims to raise approximately $2 billion through the listing.

The company targets a public debut as early as April.

This move represents a renewed effort after Cerebras withdrew a previous IPO registration in October.

Cerebras develops large-scale chips to compete with Nvidia in the AI accelerator market.

The company filed new paperwork for the offering and will meet with prospective investors this month.