Cerebras raises $5.5B, then stock pops $108%, in the first huge tech IPO of 2026

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• Cerebras Systems raised $5.5 billion in its initial public offering (IPO), pricing shares at $185, significantly higher than the previously announced range of $115 to $160.
• The company increased the size of the offering to 30 million shares and opened trading on Wednesday evening at $385 per share, marking a massive 108% increase from its IPO price. The stock continued to rise throughout the day, currently trading above $330.

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Originally published at techcrunch.com. Curated by AI Maestro.

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