Cerebras raises $5.5B, then stock pops $108%, in the first huge tech IPO of 2026
Cerebras Systems raised $5.5 billion in its IPO on Thursday, pricing shares at $185 Wednesday evening, way higher than its range ($115 to $125, later raised to $150 to $160), even as it increased the size of the...
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A striking development has emerged in artificial intelligence. Cerebras Systems raised $5. 5 billion in its IPO on Thursday, pricing shares at $185 Wednesday evening, way higher than its range ($115 to $125, later raised to $150 to $160), even as it increased the size of the offering to 30 million shares.
It then opened to public trading at $385, more than double (up 108%), as retail investors bid up the price to grab shares. The stock cooled a bit soon after, trading midday at above $330.
It ended the day at $311 and a $66 billion valuation, according to Yahoo Finance. But the price was rising again in after-hours trading.
This advance offers important signals about the future of the sector, and the tech world is watching closely.
