Cerebras raises $5.5B, kicking off 2026’s IPO season with a bang
9:30 AM PDT · May 14, 2026
Cerebras raised $5.5 billion in its IPO on Thursday, pricing shares at $185 Wednesday evening, way higher than its range ($115 to $125, later raised to $150-$160), even as it increased the size of the offering to 30 million shares.
And pre-market trading indicates that shares are going to open with a giant pop, as retail investors bid up the price to grab them. (We’ll update this story after trading begins.)
Even at the IPO price, the company enters its first day of trading at a fully-diluted valuation of $56.4 billion (meaning, accounting for all shares). Co-founder CEO Andrew Feldman’s stake at $185/share is worth nearly $1.9 billion, while co-founder CTO Sean Lie’s stake weighs in at about $1 billion.
A year ago, it looked like this day would never happen for Cerebras. The Nvidia competitor, which designed its giant chip from scratch,...
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