Cerebras stock set to start trading in biggest IPO of 2026

What happened: Cerebras Systems was acceptable to commencement trading connected the Nasdaq (^IXIC) connected Thursday successful a highly anticipated archetypal nationalist offering by a Nvidia (NVDA) competitor.

By the numbers: The AI chipmaker priced its shares astatine $185 each, giving the institution an estimated valuation of astir $40 cardinal based connected outstanding shares disclosed successful regulatory filings. On a afloat diluted basis, the valuation approaches $49 billion, according to Bloomberg data.

What other you request to know: Shares volition commencement trading nether the ticker awesome CBRS.

The listing is expected to people the largest IPO of the twelvemonth truthful acold and underscores continued momentum successful the AI semiconductor abstraction arsenic companies contention to situation heavyweight Nvidia.

Cerebras had initially marketed 30 cardinal shares astatine $150 to $160 apiece aft earlier expanding some the size and the terms scope of the offering. Investor appetite for the IPO was exceptionally strong, with request exceeding disposable shares by much than 20 times, according to Bloomberg.

Cerebras has established partnerships crossed the AI industry, including collaborations with Amazon (AMZN) and OpenAI. Earlier this year, OpenAI launched its archetypal AI exemplary moving connected Cerebras chips.

Ines Ferre is simply a Senior Business Reporter for Yahoo Finance covering the US banal market, publically traded companies, and commodities.

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