Cerebras Systems Opens on Nasdaq at $350, Closes Up 68%
Cerebras Systems began trading on the Nasdaq on Thursday under the ticker symbol CBRS. Shares opened at $350 after pricing at $185 the previous day and closed at $311.07, up 68 percent, for an estimated valuation of $86 billion.
IPO Pricing and Proceeds
Cerebras priced its shares above the projected range of $150 to $160. The offering raised at least $5.55 billion for the company. According to Crunchbase News, the company had filed for an IPO in September 2024 before withdrawing the plans a year later to continue private-market fundraising.
Private-Market History
As a private company, Cerebras raised $2.85 billion in equity and $1.85 billion in debt, with most of that total secured in the past year. Its largest venture stakeholders include Fidelity with 11.3 percent of Class B common stock, Benchmark with 9.5 percent, Foundation Capital with 8.3 percent, Eclipse with 7.3 percent and Alpha Wave with 6.5 percent. Benchmark, Foundation Capital and Eclipse led the company’s $27 million Series A in 2016. According to Crunchbase News, these early investors now stand to realize the largest percentage gains on their holdings.
Revenue Growth and Customers
Revenue reached $510.0 million in 2025, reflecting 76 percent year-over-year growth and more than six-fold expansion over two years. The company lists Meta, AWS and IBM among its customers and signed a partnership with OpenAI earlier this year to integrate its technology into OpenAI’s compute systems.
Forward Plans
In its IPO filing, Cerebras stated plans to increase investment in research and development as well as sales and marketing. The company positions its offerings as the fastest AI infrastructure in the world. According to Crunchbase News, investors are counting on continued valuation growth in coming quarters.
