Cerebras Shares Close Up 68% at $311.07 in Nasdaq Debut
Shares of Cerebras Systems closed up 68% at $311.07 on their first day of trading on the Nasdaq, valuing the company at an estimated $86 billion. Shares opened at $350 after pricing at $185 the previous day and now trade under the ticker symbol CBRS. The company develops AI computing chips and large-scale AI systems.
IPO Pricing and Proceeds
Cerebras priced its shares above the projected range of $150 to $160 and raised at least $5.55 billion. The IPO follows the company’s withdrawal of an earlier filing made in September 2024. According to Crunchbase News, Cerebras had opted to continue raising capital in private markets instead.
Private-Market Fundraising History
As a private company, Cerebras secured $2.85 billion in equity funding and $1.85 billion in debt financing, with most of that total raised in the past year. Its largest venture stakeholders include Fidelity with 11.3% of Class B common stock, Benchmark with 9.5%, Foundation Capital with 8.3%, Eclipse with 7.3% and Alpha Wave with 6.5%. Benchmark, Foundation and Eclipse led the company’s $27 million Series A in 2016.
Revenue Growth and Partnerships
Revenue reached $510.0 million in 2025, representing 76% year-over-year growth and more than six-fold increase over two years. Earlier this year, Cerebras signed a deal to partner with OpenAI. Other customers include Meta, AWS and IBM. According to Crunchbase News, the company plans to invest more in research and development as well as sales and marketing.
Market Positioning
Cerebras pitches itself as the builder of the fastest AI infrastructure in the world. According to Crunchbase News, investors in the IPO are banking on further growth and valuation gains.
