SUNNYVALE, Calif., May  13, 2026  (GLOBE NEWSWIRE) -- Cerebras Systems Inc. (&#34;Cerebras&#34;) today announced the pricing of its initial public offering of an aggregate of 30,000,000 shares of its Class A common stock, at a

CBRS

Cerebras Systems Announces Pricing of Initial Public Offering

Cerebras Systems sets IPO price of $185, shares to trade as CBRS

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  <section data-block="information">
    <h3>Information</h3>
    <p>SUNNYVALE, Calif., May  13, 2026  (GLOBE NEWSWIRE) -- Cerebras Systems Inc. (&amp;#34;Cerebras&amp;#34;) today announced the pricing of its initial public offering of an aggregate of 30,000,000 shares of its Class A common stock, at a</p>
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  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Cerebras Systems has priced its IPO at $185, offering 30 million shares, with trading expected to begin on Nasdaq under the symbol &#039;CBRS&#039; on May 14, 2026. This pivotal moment positions Cerebras as a significant player in AI infrastructure with its Wafer-Scale Engine 3 technology, potentially impacting investor sentiment and market dynamics.</p>
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  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Cerebras Systems IPO priced at $185 per share for 30 million shares.</li><li>Offering includes a 30-day option for underwriters to buy an additional 4.5 million shares.</li><li>Shares to debut on Nasdaq under ticker &#039;CBRS&#039; on May 14, 2026.</li><li>Cerebras focuses on AI infrastructure with its Wafer-Scale Engine 3 technology.</li><li>Investment banks Morgan Stanley and Citigroup lead the underwriting of the IPO.</li></ul>
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  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Cerebras Systems (CBRS)</strong>: Innovative AI infrastructure provider entering public market.</li><li><strong>Morgan Stanley (MS)</strong>: Lead underwriter in Cerebras&#039;s IPO, enhancing reputation in tech sector.</li><li><strong>Citigroup (C)</strong>: Co-leading IPO may create further opportunities in tech financing.</li></ul>
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  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>This news falls under Corporate Developments as it highlights the IPO trajectory of Cerebras Systems. The company is poised to capitalize on the burgeoning AI infrastructure market, making it a significant event for investors looking at tech sector innovation.</p>
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  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Strong demand during IPO could catalyze price momentum for CBRS shares.</li><li>Successful trading debut may attract institutional investors to AI tech sector.</li><li>Cerebras&#039;s market position in AI could enhance long-term valuation prospects.</li><li>The performance of its Wafer-Scale Engine 3 tech can drive future stock growth.</li></ul>
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  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Cerebras is offering 30 million shares at $185 each.</li><li>Underwriters have a 30-day option for 4.5 million additional shares.</li><li>IPO shares begin trading on May 14, 2026.</li><li>Cerebras&#039;s Wafer-Scale Engine 3 is 58 times larger than leading GPU chips.</li><li>The company claims the WSE-3 delivers inference up to 15 times faster than GPUs.</li></ul>
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  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Expect moderate upside for CBRS in the short term following IPO.</p>
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<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p>SUNNYVALE, Calif., May  13, 2026  (GLOBE NEWSWIRE) -- Cerebras Systems Inc. ("Cerebras") today announced the pricing of its initial public offering of an aggregate of 30,000,000 shares of its Class A common stock, at a public offering price of $185.00 per share. In addition, Cerebras has granted the underwriters a 30-day option to purchase up to an additional 4,500,000 shares of its Class A common stock at the initial public offering price, less underwriting discounts and commissions. The shares are expected to begin trading on the Nasdaq Global Select Market on May 14, 2026, under the ticker symbol "CBRS." The offering is expected to close on May 15, 2026, subject to customary closing conditions.</p>  <p>Morgan Stanley, Citigroup, Barclays, and UBS Investment Bank are acting as lead book-running managers for the offering. Mizuho and TD Cowen are acting as bookrunners. Needham &amp; Company, Craig-Hallum, Wedbush Securities, Rosenblatt, Academy Securities, Credit Agricole CIB, MUFG, and First Citizens Capital Securities are acting as co-managers. </p>  <p>A registration statement relating to these securities was declared effective by the Securities and Exchange Commission. This offering is being made only by means of a prospectus, copies of which may be obtained, when available, from: Morgan Stanley &amp; Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014, or by email at prospectus@morganstanley.com; Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or telephone: 800-831-9146; and Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by email at <a href="mailto:barclaysprospectus@broadridge.com">barclaysprospectus@broadridge.com</a>, or telephone at 1-888-603-5847.</p>  <p>This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.</p>  <p><strong>About Cerebras Systems</strong></p>  <p>Cerebras Systems is building the fastest AI infrastructure in the world. We are a team of pioneering computer architects, computer scientists, AI researchers, and engineers of all types. We have come together to make AI blisteringly fast through innovation and invention because we believe that when AI is fast, it will change the world. Our flagship technology, the Wafer-Scale Engine 3 (WSE-3) is the world's largest and fastest commercialized AI processor. 58 times larger than a leading GPU chip, the WSE-3 uses a fraction of the power per unit compute while delivering inference up to 15 times faster than leading GPU-based solutions as benchmarked on leading open-source models. Leading corporations, research institutes, and governments on four continents chose Cerebras to run their AI workloads. Cerebras solutions are available on premises and in the cloud.</p>  <p>Contacts</p>  <p>Media<br></br>ZM Communications<br></br>Pr@zmcommunications.com</p>  <p>Investors<br></br>Cerebras Investor Relations<br></br>Sean Dorsey<br></br>sean.dorsey@cerebras.net</p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTcyMDAwNyM3NjAyNjk5IzIyOTQ1OTU="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/ZmVjNzA2NTEtOTRkNy00NzIzLTk1NDItYTRkYThkYjE5ODUyLTEzMDYxNDUtMjAyNi0wNS0xMy1lbg==/tiny/Cerebras-Systems-Inc-.png" referrerpolicy="no-referrer-when-downgrade"></img>

Cerebras Systems has priced its IPO at $185, offering 30 million shares, with trading expected to begin on Nasdaq under the symbol 'CBRS' on May 14, 2026. This pivotal moment positions Cerebras as a significant player in AI infrastructure with its Wafer-Scale Engine 3 technology, potentially impacting investor sentiment and market dynamics.

Cerebras Systems Announces Pricing of Initial Public Offering

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

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