AI chipmaker Cerebras Systems secures $5.55B in the year's largest IPO

2026-05-14 00:48:33 ET

• AI chipmaker Cerebras Systems ( CBRS ) raised $5.55B in its U.S. initial public offering, capitalizing on booming investor demand for artificial intelligence semiconductors.
• The company priced its shares at $185 each, above the marketed range, according to a statement . Cerebras had offered 30M shares in the IPO for $150 to $160 each, after revising the range and number of shares higher on Monday.
• The shares are expected to begin trading on Nasdaq on May 14, 2026, under the ticker symbol “CBRS.” The offering is expected to close on May 15, 2026.
• Earlier Wednesday, Bloomberg reported that Arm Holdings ( ARM ) and its majority owner Softbank Group ( SFTBY ), made an offer to purchase AI computing firm Cerebras Systems ( CBRS ) weeks before its planned initial public offering.

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