Cerebras Systems Inc.

Cerebras Systems Inc. (CBRS) priced its initial public offering on May 14, 2026 at $185.00 per share, and listed on Nasdaq Global Select. At the IPO price its market capitalization was about $39.8B. UBS was lead-left underwriter. Latham & Watkins advised the company and Davis Polk advised the underwriters.

Cerebras Systems Inc. is an end-to-end AI systems company that co-designs its wafer-scale processor engine, its CS-system hardware and its software stack, using water cooling on the processor. It launched a cloud-based inference offering in 2024 and builds infrastructure for AI inference.

Status

IPO

Ticker

CBRS

Exchange

Nasdaq Global Select

Priced

May 14, 2026

IPO price

$185.00

Market cap at IPO price

$39.8B

First filed

Sep 30, 2024

Underwriters

UBS

Company counsel

Latham & Watkins

Underwriters' counsel

Davis Polk

Sector

Technology

Country / state

CA

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.