IPO, Cerebras
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Cerebras raised $5.55 billion in its IPO, and with the chipmaker's offering, investors are gearing up for some even bigger AI deals later this year.
The next-gen chipmaker first filed for its IPO in September 2024. Now, after snags that held up its debut, it’s a public company.
Late Wednesday, the company priced its IPO at $185 a share, far above the top of its previously announced range of $150-$160.
After Cerebras popped in its market debut, all attention turns to SpaceX, OpenAI and Anthropic, which are already among the most valuable U.S. tech companies.
Cerebras Just Priced The Biggest IPO Of 2026. The $56 Billion IPO Walking Into A Market Nvidia Already Bought.
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Cerebras IPO makes billions for Benchmark but VC Eric Vishria almost didn’t take the meeting
Benchmark almost never backs hardware startups. So Eric Vishria dragged his feet ten years ago before agreeing to hear Cerebras' pitch.
Cerebras closed its first day of trading with a market cap close to $100 billion and turned two co-founders into billionaires in the process.