TechFlow News, May 14: According to Bloomberg, AI chipmaker Cerebras raised $5.55 billion in its U.S. initial public offering (IPO), marking the largest IPO since 2026. Its offering price was set at $185 per share—above the previously announced range of $150 to $160—implying a market capitalization of approximately $40 billion and a fully diluted valuation of roughly $49 billion.
The report states that the offering was oversubscribed by more than 20 times, and shares are expected to begin trading under the ticker symbol “CBRS” on the Nasdaq Global Select Market. Regulatory filings indicate that OpenAI holds 33.4 million Cerebras warrants, with certain vesting conditions tied to compute delivery milestones and Cerebras achieving a market capitalization exceeding $40 billion.
