Cerebras Systems Announces Pricing of Initial Public Offering
SUNNYVALE, Calif., Might 13, 2026 (GLOBE NEWSWIRE) — Cerebras Techniques Inc. (“Cerebras”) immediately introduced the pricing of its preliminary public providing of an mixture of 30,000,000 shares of its Class A typical inventory, at a public providing value of $185.00 per share. As well as, Cerebras has granted the underwriters a 30-day choice to buy as much as a further 4,500,000 shares of its Class A typical inventory on the preliminary public providing value, much less underwriting reductions and commissions. The shares are anticipated to start buying and selling on the Nasdaq International Choose Market on Might 14, 2026, underneath the ticker image “CBRS.” The providing is anticipated to shut on Might 15, 2026, topic to customary closing situations.
Morgan Stanley, Citigroup, Barclays, and UBS Funding Financial institution are performing as lead book-running managers for the providing. Mizuho and TD Cowen are performing as bookrunners. Needham & Firm, Craig-Hallum, Wedbush Securities, Rosenblatt, Academy Securities, Credit score Agricole CIB, MUFG, and First Residents Capital Securities are performing as co-managers.
A registration assertion relating to those securities was declared efficient by the Securities and Change Fee. This providing is being made solely by way of a prospectus, copies of which can be obtained, when obtainable, from: Morgan Stanley & Co. LLC, Consideration: Prospectus Division, 180 Varick Road, 2nd Ground, New York, NY 10014, or by e-mail at prospectus@morganstanley.com; Citigroup International Markets Inc., c/o Broadridge Monetary Options, 1155 Lengthy Island Avenue, Edgewood, NY 11717, or phone: 800-831-9146; and Barclays Capital Inc., c/o Broadridge Monetary Options, 1155 Lengthy Island Avenue, Edgewood, NY 11717, by e-mail at barclaysprospectus@broadridge.com, or phone at 1-888-603-5847.
This press launch shall not represent a suggestion to promote or the solicitation of a suggestion to purchase these securities, nor shall there be any sale of those securities in any state or jurisdiction by which such supply, solicitation, or sale can be illegal previous to registration or qualification underneath the securities legal guidelines of any such state or jurisdiction.
About Cerebras Techniques
Cerebras Techniques is constructing the quickest AI infrastructure on this planet. We’re a crew of pioneering laptop architects, laptop scientists, AI researchers, and engineers of every type. We’ve got come collectively to make AI blisteringly quick by means of innovation and invention as a result of we imagine that when AI is quick, it can change the world. Our flagship expertise, the Wafer-Scale Engine 3 (WSE-3) is the world’s largest and quickest commercialized AI processor. 58 instances bigger than a number one GPU chip, the WSE-3 makes use of a fraction of the ability per unit compute whereas delivering inference as much as 15 instances quicker than main GPU-based options as benchmarked on main open-source fashions. Main firms, analysis institutes, and governments on 4 continents selected Cerebras to run their AI workloads. Cerebras options can be found on premises and within the cloud.
Contacts
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ZM Communications
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Buyers
Cerebras Investor Relations
Sean Dorsey
sean.dorsey@cerebras.internet
