Cerebras · OpenAI · Crunchbase News
Cerebras Sees Sizzling Demand For IPO Shares
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Cerebras Systems priced shares for its upcoming IPO at $185 a piece late Wednesday, well above the projected range of $150 to $160, raising at least $5.55 billion for the company and valuing it at $56.4 billion, according to a CNBC report.
Key facts
- Cerebras Systems priced shares for its upcoming IPO at $185 a piece late Wednesday, well above the projected range of $150 to $160, raising at least $5.55 billion for the company and valuing it
- Cerebras’ largest venture stakeholders include Fidelity (11.3% of Class B common stock), Benchmark (9.5%), Foundation Capital (8.3%), Eclipse (7.3%) and Alpha Wave (6.5%)
- Revenue increased to $510.0 million in 2025, representing year-over-year growth of 76%, and up more than six-fold over two years
- The IPO has been a long time coming for Sunnyvale, California-based Cerebras, which initially filed publicly for an IPO in September, 2024
Summary
Shares of the company, which develops AI computing chips and large-scale AI systems, are slated to begin trading on Nasdaq Thursday under the ticker symbol CBRS. The IPO has been a long time coming for Sunnyvale, California-based Cerebras, which initially filed publicly for an IPO in September, 2024. Cerebras’ largest venture stakeholders include Fidelity (11.3% of Class B common stock), Benchmark (9.5%), Foundation Capital (8.3%), Eclipse (7.3%) and Alpha Wave (6.5%). Investors in the Cerebras IPO, meanwhile, are banking on even more growth and valuation gains ahead.