Cerebras Systems Completes IPO, Raises $6.4 Billion Gross Proceeds

Cerebras Systems Inc. completed its initial public offering on May 15, 2026, selling an aggregate of 34,500,000 shares of Class A Common Stock at a price of $185.00 per share, which included the full exercise of the underwriters' option. The IPO generated gross proceeds of $6.4 billion for the company. Concurrently, the company filed its amended and restated certificate of incorporation and its amended and restated bylaws became effective, as approved by the board and stockholders prior to the IPO closing.