Cerebras Gains 68% in Volatile Nasdaq Debut After $5.55 Billion IPO
Cerebras rose 68% in its Nasdaq debut after a volatile session that began with the AI chipmaker opening at $350, 89% above its $185 initial public offering price and briefly taking its market value above $100 billion. Trading was briefly paused after the shares more than doubled, and the stock later pulled back, leaving it down 11% from the open and 19% from its intraday peak while still valuing the company at about $95 billion.
The company raised $5.55 billion by selling 30 million shares at $185, valuing Cerebras at $56.4 billion at the offering and making it the largest U.S. tech IPO since Uber's 2019 debut. The listing also created large paper gains for early investors: at the IPO price, Foundation Capital stood to make about $2.8 billion, or 76 times its investment, while Benchmark's stake was worth about $3 billion.
From the sources (25 posts)
@wallstengineOPENAI STANDS TO HOLD ~$2.6B IN COREWEAVE AND CEREBRAS STOCK $CRWV gave OpenAI $350M of stock tied to an $11.9B cloud-services contract CoreWeave shares have nearly tripled since IPO, lifting OpenAI’s stake to about $1.2B $CRBS gave Open
@yahoofinanceCerebras has raised its IPO target to $4.8 billion amid surging demand for AI chips. "It shows us that the AI trade is very strong," Rainmaker Securities managing director Greg Martin says.
@businessCerebras is guiding prospective investors that it expects to price its IPO above the top of its marketed range, according to sources, as demand soars for the chipmaker’s stock
@businessCerebras expects to price its US initial public offering at $185 per share, according to people familiar with the matter, as the artificial intelligence chipmaker seizes on the surging demand for semiconductors
@edludlowHearing Cerebras poised to price its IPO at $185/share. still 30mn shares reporting @TheTerminal with @BTLipschultz @Anthug
@stockmktnewzAI CHIPMAKER CEREBRAS JUST PRICED ITS IPO AT $185 PER SHARE, ABOVE THE $150-$160 MARKETED RANGE Cerebras will begin trading tomorrow sometime during the middle of the day under the ticker $CBRS
@cnbcCerebras prices IPO above expected range, as Wall Street braces for AI tsunami
@dnystedtRT @IPONewsroom_: JUST IN: AI CHIPMAKER CEREBRAS JUST PRICED ITS IPO AT $185 PER SHARE, ABOVE THE $150-$160 MARKETED RANGE The order book…
@techmemeSource: Cerebras priced its IPO at $185 per share, above the expected range of $150 to $160, raising at least $5.55B and valuing it at $56.4B fully diluted (@jordannovet / CNBC) (Visit Techmeme dot com for the link and full context!)
@mtsliveCerebras is about to test how hungry the market is for a public Nvidia alternative. @amitisinvesting says the IPO is coming into a perfect setup: inference is becoming the center of the story, and the deal is reportedly 20x oversubscribed
@polymarketNEW: AI chipmaker Cerebras raises $5,550,000,000.00 in the biggest IPO of the year so far.
@yahoofinanceAI chipmaker Cerebras will begin trading on the Nasdaq today under the ticker symbol $CBRS at $185 per share. The listing is expected to mark the largest IPO of the year so far. “We’re feeling pretty good,” CEO @andrewdfeldman tells Yahoo
@wallstengineCerebras $CBRS shares are indicated to open up 96% at $363 in their Nasdaq debut, versus the $185 IPO price.
@stocksavvyshay$CBRS INDICATED OPEN AT $365/SHARE IMPLIES A ~$100B VALUATION
@businessCerebras shares are indicated to open 89% above their listing price, after the artificial intelligence chipmaker raised $5.55 billion in an upsized and hotly anticipated IPO
@stocksavvyshayThe long-awaited $CBRS IPO is here. I’ll be tracking it closely because Cerebras is attacking one of the biggest AI infrastructure bottlenecks by running massive models faster, cheaper and more efficiently as the market shifts from trainin
@zerohedge*CEREBRAS SHARES INDICATED TO OPEN AT $350, IPO PRICED AT $185
@mtsliveSITUATION UPDATE: Cerebras shares are indicated to open at $400, more than double the $185 IPO price, implying a market cap of approximately $86B. The company will raise $5.5B in the biggest IPO of the year so far.
@zerohedge*AI CHIPMAKER CEREBRAS SHARES SURGE 89% AFTER $5.55 BILLION IPO
@zerohedgeCEREBRAS SHARES INDICATED TO OPEN AT $400, IPO PRICE $185
@polymarketmoney$CBRS shares are indicated to open at $365, up nearly double from the $185 IPO price in their Nasdaq debut.
@deitaonesolana:4yEjcMiy6GAgrpWpUvhUXfaP1vQmJXfqJjEyxBSZpump - CEREBRAS SYSTEMS SHARES OPEN AT $350 IN NASDAQ DEBUT VS $185 IPO PRICE
@bloombergtvCerebras raised $5.55 billion in its US initial public offering, as the AI chipmaker seizes on the surging demand for semiconductors. Shares were priced to open 89% above their listing price. Here's what Cerebras CEO Andrew Feldman had to
@reutersChipmaker Cerebras indicated to open about 90% higher in US market debut
@theinformationCerebras priced its IPO at $185 a share, turning long waits into huge paper gains for early backers. Foundation Capital stands to make about 76x its investment, and Benchmark is in line for a return of more than $3 billion. More details