Cerebras raises $5.5B in massive IPO

cerebras systems launched its ipo on thursday, pricing shares at $185 to raise $5.5 billion at a $56.4 billion fully-diluted valuation, significantly above the already raised range. the company, which builds specialized waferscale ai inference chips, reported $510 million in 2025 revenue and a net income of $237.8 million, rebounding from steep losses. major customers include openai, g42, and amazon web services, validating its competitive position against nvidia in the inference market. this successful listing marks a turnaround from 2024 when cfius reviews over g42's investment stalled its public debut plans.