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May 13, 2026 8:01 PM

Cerebras Systems Announces Pricing of Initial Public Offering

SUNNYVALE, Calif., May 13, 2026 (GLOBE NEWSWIRE) -- Cerebras Systems Inc. ("Cerebras") today announced the pricing of its initial public offering of an aggregate of 30,000,000 shares of its Class A common stock, at a public offering price of $185.00 per share. In addition, Cerebras has granted the underwriters a 30-day option to purchase up to an additional 4,500,000 shares of its Class A common stock at the initial public offering price, less underwriting discounts and commissions. The shares are expected to begin trading on the Nasdaq Global Select Market on May 14, 2026, under the ticker symbol "CBRS." The offering is expected to close on May 15, 2026, subject to customary closing conditions.

Morgan Stanley, Citigroup, Barclays, and UBS Investment Bank are acting as lead book-running managers for the offering. Mizuho and TD Cowen are acting as ...