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849 Cerebras raises $5.55bn in the biggest US tech IPO since Snowflake

The Next Web
Ana-Maria Stanciuc @ The Next Web · 05/14/2026 04:35 EDT

Priced at $185, above the marketed range, the wafer-scale chip company opens trading on Thursday at a $56.4bn valuation. The OpenAI deal is what got the book covered. The customer concentration footnote is what the next quarter has to answer. Cerebras Systems priced its IPO at $185 per share on Wednesday evening, above the marketed […]
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