Cerebras Systems Completes IPO Raising $6.4 Billion

Summary

On May 15, 2026, Cerebras Systems Inc. completed its initial public offering, selling 34,500,000 shares of Class A Common Stock at $185.00 per share, resulting in gross proceeds of $6.4 billion. The offering included the full exercise of an underwriter option for an additional 4,500,000 shares. Simultaneously, the company filed amended and restated Certificate of Incorporation and Bylaws, which became effective prior to the IPO closing.