Cerebras Systems Completes $6.4 Billion Initial Public Offering (IPO)

Cerebras Systems Inc. (CBRS) announced the completion of its initial public offering (IPO) on May 15, 2026, raising approximately $6.4 billion in gross proceeds.

Key Details

• Offering Size: The IPO consisted of 34,500,000 shares of its Class A common stock, which includes the full exercise of the underwriters' option to purchase an additional 4,500,000 shares.
• Pricing & Proceeds: Shares were priced to the public at $185.00 per share, resulting in gross proceeds of $6.4 billion before underwriting discounts, commissions, and other offering expenses.
• Corporate Governance: In connection with the IPO closing, the company filed its amended and restated certificate of incorporation and bylaws, which became effective on May 15, 2026.