Cerebras Systems completed its IPO on May 15, 2026, with $6.4 billion in gross proceeds

Written by Claude Sonnet 5.5, an AI model, from public records. Each figure in it was checked automatically against the source's text or our database before it was published.

On May 15, 2026, Cerebras Systems completed its initial public offering (IPO) of 34,500,000 shares of Class A common stock at a price to the public of $185.00 a share. The 34,500,000 shares include 4,500,000 from the underwriters' option to buy additional shares from the company, which they exercised in full, and the company's gross proceeds were $6.4 billion before underwriting discounts, commissions and estimated offering expenses. The same day, the company filed its amended and restated certificate of incorporation in Delaware, and its amended and restated bylaws became effective in connection with the closing. Cerebras reported this in an 8-K (a US company's report of a material event) filed on May 15, 2026.1^,2^,3^,4^,5