
Cerebras Systems has set its IPO share price at $185, exceeding initial projections and raising at least $5.55 billion, valuing the company at $56.4 billion. The AI chip developer, known for its partnerships with OpenAI, Meta, and AWS, will begin trading on Nasdaq under the ticker CBRS. Cerebras has shown impressive revenue growth, with a 76% increase in 2025, and plans to invest further in R&D and marketing. The IPO marks a significant step for the company, which has been a major player in private funding rounds.
Read original