Cerebras IPOs at $185; opens at $219

The IPO price valued the company at $56.4 billion. The company raised $5.5 billion cash.

Last year, Cerebras had revenue of $510 million for a profit of $87.9 million and in 2024 had revenue of $290.3 million for a loss of $484.8 million.

It was said the company had offers for 20x more shares than it sold.

It was reported that Softbank, through chip subsidiary Arm, made an offer to buy Cerebras  before the IPO.

With  memory becoming such a bottleneck in datacentre systems it is thought that putting the memory on the chip could be the best way to speed things up.

With its 8.5 inch square chips, Cerebras has the perfect vehicle for implementing that, and it  is the leading exponent of the technology.