Cerebras prices IPO at $185 per share to raise $5.55bn
Cerebras priced its IPO at $185 per share to raise $5.55 billion. The AI chip maker reached a $56.43 billion valuation in the year's largest market debut.
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Cerebras Systems priced its United States IPO at $185 per share on Wednesday evening to raise $5.55 billion. The deal implies a $56.43 billion valuation, making it the largest stock market debut of 2026. High demand for AI infrastructure drove orders to 20 times the available shares, according to data from lead underwriter Morgan Stanley.
