tech
Cerebras raises $5.5B, then stock pops $108%, in the first huge tech IPO of 2026
A year ago, it looked like this day would never happen for Cerebras.
TL;DR
- Cerebras Systems raised $5.5 billion in its IPO, pricing shares at $185.
- The stock opened at $385, an increase of 108%, and was trading above $330 midday.
- The company's fully diluted valuation at the IPO price was $56.4 billion.
- Previous IPO plans in 2024 were shelved due to concerns over a large investment from Group 42 and its financials.
- Cerebras reported $510 million in revenue for 2025 and a profit of $237.8 million, a significant improvement from the previous year.
- Customers include OpenAI, G42, Mohamed bin Zayed University of Artificial Intelligence, and Amazon Web Services.