IPO · IPO · Completed
Cerebras initial public offering
Cerebras sold Class A shares in its initial public offering on the Nasdaq Global Select Market, including the underwriters' full option to buy more shares. Gross proceeds were $6.4 billion.
- Gross proceeds
- $6.4B
- Closed · 8-K
- Class A shares sold, including the underwriters' option
- 34,500,000 shares
- 8-K
Amounts
Each number with its type, status and the sentence it comes from
| Amount | Value | Status | Source |
|---|---|---|---|
Gross proceedsIPO proceeds · to Cerebras“The gross proceeds to the Company from the initial public offering were $6.4 billion, before deducting underwriting discounts and commissions and estimated offering expenses payable by the Company.” | $6.4B | Closed | 8-K ↗ |
Offering price per Class A sharePrice per share“On May 15, 2026, the Company completed its initial public offering of an aggregate of 34,500,000 shares of Class A Common Stock at a price to the public of $185.00 per share, which includes the exercise in full by the underwriters of their option to purchase from the Company an additional 4,500,000 shares of Class A Common Stock.” | $185 | Closed | 8-K ↗ |
Capacity and counts
| Measure | Value | Source |
|---|---|---|
Class A shares sold, including the underwriters' option“On May 15, 2026, the Company completed its initial public offering of an aggregate of 34,500,000 shares of Class A Common Stock at a price to the public of $185.00 per share, which includes the exercise in full by the underwriters of their option to purchase from the Company an additional 4,500,000 shares of Class A Common Stock.” | 34,500,000 shares | 8-K ↗ |
Participants
Amounts per investor are shown only when a source states them
| Organization | Role | Type | Note |
|---|---|---|---|
| Cerebras | Issuer | Chips | Cerebras Systems Inc. |
Key terms
- Listing
- Class A shares listed on the Nasdaq Global Select Market under the symbol CBRS. 424B4 ↗
“We have been approved to list our Class A common stock on the Nasdaq Global Select Market under the symbol "CBRS," and this offering is contingent upon the listing of our Class A common stock on the Nasdaq Global Select Market.”
- Underwriters
- Morgan Stanley, Citigroup and Barclays acted as representatives of the underwriters. 424B4 ↗
“the underwriters named below, for whom Morgan Stanley & Co. LLC, Citigroup Global Markets Inc., and Barclays Capital Inc. are acting as representatives”
- Estimated net proceeds
- The prospectus estimated net proceeds of about $5,408.5 million, or $6,221.4 million with the option exercised in full. 424B4 ↗
“We estimate that we will receive net proceeds from this offering of approximately $5,408.5 million (or $6,221.4 million if the underwriters exercise their over-allotment option in full), based upon the initial public offering price of $185.00 per share of Class A common stock, and after deducting underwriting discounts and commissions and estimated offering expenses payable by us.”
Context
Company metric in the same source: Revenue, year ended December 31, 2025 $510M
Filed, as of Dec 31, 2025 · “Our revenue increased from $290.3 million for the year ended December 31, 2024 to $510.0 million for the year ended December 31, 2025.”
Company metric in the same source: Revenue, year ended December 31, 2024 $290.3M
Filed, as of Dec 31, 2024 · “Our revenue increased from $290.3 million for the year ended December 31, 2024 to $510.0 million for the year ended December 31, 2025.”
Sources
- SEC EDGAR (Cerebras Systems Inc.), “Cerebras registration statement on Form S-1, April 17, 2026”, Apr 17, 2026 · Form S-1, accession 0001628280-26-025762 · retrieved Oct 21, 2026
- SEC EDGAR (Cerebras Systems Inc.), “Cerebras final prospectus (Form 424B4) for its initial public offering, dated May 13, 2026”, May 13, 2026 · Form 424B4, accession 0001628280-26-035214 · retrieved Oct 21, 2026
- SEC EDGAR (Cerebras Systems Inc.), “Cerebras Form 8-K, May 15, 2026 (completion of the initial public offering)”, May 15, 2026 · Form 8-K, accession 0001628280-26-035605 · retrieved Oct 21, 2026
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