Cerebras Nasdaq Debut Surges 89% Valuation $100B

Cerebras Systems debuted on Nasdaq at $350, up 89% from its $185 IPO price, valuing the AI chipmaker at ~$100 billion.
The IPO raised $5.55 billion by selling 30 million Class A shares, giving a fully‑diluted valuation above $56 billion, double its Feb private valuation.
Institutional demand exceeded supply >20×, prompting two price‑range and share‑count hikes; lead managers were Morgan Stanley, Citi, Barclays, UBS.
Prior partnership with UAE’s G42 triggered a CFIUS review, later cleared; Arm and SoftBank’s acquisition bids were declined.