Semiconductor company Cerebras made its Nasdaq debut Thursday, raising $5.55 billion with the launch of its IPO — the largest in the U.S. to date for 2026.
Trading under the ticker symbol CBRS, Cerebras offered 30 million shares, initially priced at $185 per share and then closing at $331.07, marking the biggest tech IPO since Uber went public in 2019, according to CNBC’s reporting.
Made up of computer architects, computer scientists, AI researchers and engineers, Cebras is developing infrastructure for AI-native innovation. It describes its flagship Wafer-Scale Engine 3 as “the world’s largest and fastest commercialized AI processor.”
“The IPO was just the beginning, an incredible milestone, but the mission remains the same: building the fastest path between an idea and breakthrough compute. In the coming months, we get to grow the team and ship things that weren’t dreamable 10 years ago,” Cerebras co-founder and chief systems architect Jean-Philippe Fricker wrote in a LinkedIn post.
