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Cerebras Jumps 90% in First Day on Nasdaq After Raising $5.55B in IPO

GateNews
Stocks

Cerebras, an AI chipmaker with ties to UAE-based G42, surged nearly 90 percent in its first day of trading on Nasdaq on May 15. The stock opened at $350 per share, up from its $185 IPO price, and closed at $311.

The company raised $5.55 billion from 30 million shares in its initial public offering, marking the largest IPO of 2026 to date. Cerebras reported $510 million in 2025 revenue, a 76 percent annual increase.

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In-Depth Analysis

Cerebras IPO raises $5.55 billion, with day-one marketcap reaching $95 billion

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Cerebras IPO jumps 68% on the first day, with 20x oversubscription—challenging NVIDIA’s position

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Cerebras IPO Soars 89% in Nasdaq Debut on $5.55B Raise

Crypto Frontier05-14 20:53
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