--- title: "Cerebras raises $5.55bn in the biggest US tech IPO since Snowflake" url: https://daily.dev/posts/cerebras-raises-5-55bn-in-the-biggest-us-tech-ipo-since-snowflake-eb5hwpyvw source_url: https://thenextweb.com/news/cerebras-ipo-5-55-billion-biggest-tech-2026 type: article source: "The Next Web" published: 2026-05-14T09:30:16.242Z updated: 2026-05-14T09:30:34.873Z tags: ["openai", "gpu", "ipo", "ai-inference"] reading_time: 4 upvotes: 0 comments: 0 language: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # Cerebras raises $5.55bn in the biggest US tech IPO since Snowflake **[The Next Web](https://daily.dev/sources/tnw)** · 4 min read · 0 upvotes · 0 comments ## Summary Cerebras Systems priced its IPO at $185 per share, raising $5.55bn at a $56.4bn fully diluted valuation — the largest US tech IPO since Snowflake's 2020 debut. The wafer-scale chip company, which designs the dinner-plate-sized Wafer Scale Engine targeting AI inference workloads, saw its valuation nearly double from $26.6bn in April to $56.4bn at pricing in just five weeks. A key driver was a multi-year OpenAI contract for 750MW of inference capacity worth over $10bn at signing, which helped offset concerns about heavy customer concentration — G42 and a related entity accounted for ~86% of 2025 revenue. Shares begin trading on Nasdaq under ticker CBRS on Thursday. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Similar posts on daily.dev - [Cerebras raises $5.5B, kicking off 2026’s IPO season with a bang](https://daily.dev/posts/cerebras-raises-5-5b-kicking-off-2026-s-ipo-season-with-a-bang-c8m18zo7h) · TechCrunch · 0 upvotes · 0 comments --- Tags: [#openai](https://daily.dev/tags/openai), [#gpu](https://daily.dev/tags/gpu), [#ipo](https://daily.dev/tags/ipo), [#ai-inference](https://daily.dev/tags/ai-inference) [View this post on daily.dev](https://daily.dev/posts/cerebras-raises-5-55bn-in-the-biggest-us-tech-ipo-since-snowflake-eb5hwpyvw)