Cerebras Systems raised an estimated $5.6 billion in its U.S. initial public offering after pricing its shares at $185 apiece — above the company’s earlier guidance. The company sold 30 million shares and was valued at $56.43 billion on a fully diluted basis. Shares of Cerebras will start trading on Nasdaq's Global Select Market under the ticker “CBRS” on Thursday. Investors placed orders for more than 20 times the number of available shares. Cerebras develops giant AI chips and supercomputers designed to train and run artificial intelligence models much faster than traditional GPUs. The Sunnyvale, California-based company clocked $510 million in sales last year, up from $290.3 million in 2024. Earlier this year, Cerebras signed a deal to partner with OpenAI in integrating its technology into OpenAI’s compute systems. Other customers listed on its website include Meta, AWS, and IBM. On Stocktwits, the retail sentiment for CBRS was at the highest possible level, ‘extremely bullish’ (100/100).