[Cerebras IPO Raises $5.55 Billion, Valuation Reaches $40 Billion] According to Bloomberg, AI chip company Cerebras raised $5.55 billion in its U.S. IPO, marking the largest IPO since 2026. The offering price was $185 per share, exceeding the $150 to $160 range, corresponding to a valuation of approximately $40 billion, with a fully diluted valuation of around $49 billion. The issuance was oversubscribed by more than 20 times. The stock ticker is CBRS, and it will be listed on the Nasdaq Global Select Market. Documents show that OpenAI holds 33.4 million warrants for Cerebras, with some vesting conditions tied to computing power delivery and a market valuation exceeding $40 billion.