Corporate ActionMay 13, 2026, 07:47 PM
Cerebras Systems Prices IPO of 30M Shares at $185.00 Each
AI Summary
Cerebras Systems Inc. announced the pricing of its initial public offering of 30,000,000 shares of its Class A common stock at $185.00 per share. The company also granted the underwriters a 30-day option to purchase up to an additional 4,500,000 shares. The shares are expected to begin trading on the Nasdaq Global Select Market on May 14, 2026, under the ticker symbol "CBRS." The offering is expected to close on May 15, 2026, with Morgan Stanley, Citigroup, Barclays, and UBS Investment Bank as lead book-running managers.
Key Highlights
- Cerebras Systems priced its initial public offering at $185.00 per share.
- The offering consists of 30,000,000 shares of Class A common stock.
- Underwriters have a 30-day option to purchase up to an additional 4,500,000 shares.
- Shares are expected to begin trading on the Nasdaq Global Select Market under "CBRS" on May 14, 2026.
- The offering is expected to close on May 15, 2026, subject to customary closing conditions.
- Morgan Stanley, Citigroup, Barclays, and UBS Investment Bank are acting as lead book-running managers.