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Cerebras headquarters in Sunnyvale with a WSE-3 chip in foreground

Cerebras raises $5.5B in blockbuster IPO, pricing at $185 as AI chip demand surges

May 14, 2026 CoinPulseHQ Editorial

Cerebras Systems, the AI chip maker that designed a giant processor from scratch to compete with Nvidia, raised $5.5 billion in its initial public offering on Thursday. The company priced shares at $185 Wednesday evening, well above its initial range of $115 to $125 and even above the revised range of $150 to $160. The […]

Cerebras Wafer-Scale Engine 3 chip on display, representing the AI chipmaker's IPO offering.

Cerebras IPO Targets $3.5 Billion Raise in Blockbuster Tech Debut

May 7, 2026 CoinPulseHQ Editorial

Cerebras Systems, the AI chipmaker with close ties to OpenAI, moved closer to a blockbuster initial public offering. The company announced plans to sell 28 million shares priced between $115 and $125 each. At the high end, this would raise $3.5 billion and give Cerebras a market capitalization of $26.6 billion. Cerebras IPO Details and […]