Corporate ActionMay 15, 2026, 04:07 PM
Cerebras Systems Closes IPO, Raises $6.38B
AI Summary
Cerebras Systems Inc. announced the closing of its initial public offering, raising approximately $6.38 billion in gross proceeds. The offering included 34,500,000 shares of Class A common stock at $185.00 per share, with underwriters fully exercising their option for additional shares. The company's Class A common stock began trading on the Nasdaq Global Select Market under the ticker symbol "CBRS" on May 14, 2026.
Key Highlights
- Cerebras Systems closed its initial public offering on May 15, 2026.
- The offering included 34,500,000 shares of Class A common stock.
- The public offering price was $185.00 per share.
- Gross proceeds from the offering totaled approximately $6.38 billion.
- Underwriters fully exercised their option to purchase an additional 4,500,000 shares.
- Class A common stock began trading on Nasdaq Global Select Market on May 14, 2026, under "CBRS".
- Morgan Stanley, Citigroup, Barclays, and UBS Investment Bank were lead book-running managers.
Price Impact
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