Cerebras Systems Raises $5.55 Billion in Record 2026 IPO

May 15, 2026
Cerebras Systems raised $5.55 billion in its initial public offering, the largest in the United States so far in 2026, pricing shares at $185 each and reaching a valuation of $56.4 billion.
Cerebras Systems Raises $5.55 Billion in Record 2026 IPO

Cerebras Systems raised $5.55 billion in its initial public offering, the largest in the United States so far in 2026, according to the Wall Street Journal. The company priced 30 million shares at $185 each, above its earlier range of $150 to $160 per share.

The offering gives Cerebras a fully diluted valuation of about $56.4 billion. Investor demand exceeded available shares by more than twenty times, prompting the company to increase both the price and the number of shares offered. Shares began trading on the Nasdaq Global Select Market under the ticker CBRS.

Founded in 2015 and based in Sunnyvale, California, Cerebras designs chips built for artificial intelligence workloads. The company reported revenue of $510 million for 2025, up from $290.3 million the previous year. The IPO was led by Morgan Stanley, Citigroup, Barclays, and UBS Group AG.

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