Cerebras IPO: When Will Cerebras Stock Begin Trading?

The Cerebras IPO date is now unclear. The company’s S-1 filing became public on 09/30/2024, indicating the IPO would occur by the end of October. However, an October 8th Reuters report indicated the IPO is postponed due to a Committee on Foreign Investment in the United States (CFIUS) review. 

Cerebras is still available on Linqto* as of January 7th (“top seller”). Linqto removes barriers to private markets and gives accredited investors access to pre-IPO companies.

Access the coming IPO wave at TradeStation. A $500 minimum is needed balance to qualify for IPO investing. The Cerebras stock symbol will be “CBRS” and aims to trade on the Nasdaq.

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Recent News

10/18/2024: Cerebras CEO hopes to seize AI chip market
10/11/2024: Cerebras IPO has ‘too much hair’
10/08/2024: Cerebras likely to postpone IPO due to CFIUS review
09/30/2024: Cerebras S-1 Filing is LIVE
Older news…

About Cerebras

Cerebras Systems is a Sunnyvale, California-based artificial intelligence (AI) company that builds hardware platforms designed to train massive AI models. Its supercomputing platform is available in the cloud or on-premises and enables users to: 

Train and fine-tune production AI models quickly and easily. Use your data and own your model. Train in the cloud or on-premises, pain-free.

Nvidia, Groq, and CoreWeave get a lot of attention for AI computer processing. Think of Cerebras as a startup competitor that makes larger, all-encompassing processing chips with a more integrated design. It also builds the hardware and software stack for an integrated AI computing platform. 

The Wafer Scale Engine (WSE) has 850,000 cores and 2.6 trillion transistors and powers its CS-2 AI supercomputer box. WSE is the largest computer chip ever deployed. 

Cerebras clusters 64 CS-2 systems to create the largest AI supercomputer, the Condor Galaxy. It plans for nine Condor Galaxy deployments by 2024, enabling the Cerebras Cloud service. 

The company attracts mature companies and scientific research labs that need extraordinary computing power to advance their AI training models. It also boasts several high-profile AI startups as customers who can scale quickly on the platform. 

In August 2024, Cerebras launched the world’s fastest inference, offering faster speeds and lower costs than GPUs. 

Here’s an introduction video showing off the hardware stack in one of its facilities.

IPO Terms

Cerebras will amend the S-1 filing to share the terms of the IPO. Around the same time, the IPO roadshow will kick of (basically, they’ll release a slide deck with company highlights).

The public debut usually occurs seven to eight days after the amended S-1 sets the terms. 

Monitor this webpage for updates. 

• Common Stock Offered: TBD
• Cerebras Ticker Symbol: “CBRS”
• Lead Underwriters: Citi, Barclays
• Stock Exchange: Nasdaq
• Estimated Valuation: $7-$8 Billion
• Raise: $750 million to $1 Billion
• IPO roadshow (TBD)
• Pricing Date: TBD
• IPO Date: TBD
• IPO Price: TBD
• Opening Trade: TBD

Cerebras IPO Date

The precise Cerebras IPO date is unknown. The company released its S-1 to the public on September 30th, 2024. IPOs usually happen three to six weeks after the filing is released to the public.

We were expecting a late-October IPO until an October 8th Reuters report indicated the IPO is likely to be postponed due to a Committee on Foreign Investment in the United States (CFIUS) review. 

The CFIUS review stems from the S-1 filing, which disclosed that UAE-based G42, who is both a Cerebras investor and customer, accounted for 83% of Cerebras’s 2023 revenue and 97% of hardware sold thus far in 2024. 

With a postponement, the Cerebras IPO date could be weeks or months away. The company may pull the filing altogether, depending on the CFIUS review outcome.

Cerebras has hired Citigroup to lead its IPO. 

Private AI fundraising is booming as chatbot companies such as Anthropic, Sam Altman’s OpenAI, and a competitor led by former DeepMind founders, Inflection AI, have all raised significant funds. 

AI companies have yet to venture into public offerings, but we anticipate a wave of AI IPOs in the next one to five years. Cerebras may be a first-mover. 

CEO Andrew Feldman’s previous company, SeaMicro, was acquired by AMD in 2012. But the January 2024 Bloomberg shows the company is serious about a public future. 

This page will monitor and post information about Cerebras IPO developments. 

S-1 Filing

Read the Cerebras S-1 filing below.

You can also read the S-1 on the SEC website and monitor for amended filings. 

Ownership

Cerebras is a venture-backed private company. The co-founders, venture capital firms, and employees are the company’s primary owners. 

Prestigious venture capital investors include Abu Dhabi Growth Fund, Alpha Wave Ventures, Altimeter Capital, Benchmark Capital, Coatue, Eclipse Ventures, Foundation Capital, G42, Moore Strategic Ventures, Open Field Capital, and VY Capital. 

The last known private funding round was a Series F led by Alpha Wave and completed in November 2021. The deal raised $250 million. The company has raised $720 million since founding.

Funding Rounds

WordPress Data Table Plugin

Valuation

The last confirmed Cerebras valuation is $4 billion based on the Series F private funding round completed in November 2021.

However, the upcoming Cerebras IPO could value the company at $7-$8 billion according to a Bloomberg report. 

Startups tend to raise private funds to last two years, suggesting Cerebras may be due for another private funding round or an IPO. 

Another private round would help raise the Cerebras valuation, leading to a potential IPO. 

A January 2024 Bloomberg report suggests Cerebras is aiming to raise private funds and IPO in 2024, potentially increasing its valuation. 

However, private transaction data on the Hiive pre-IPO marketplace suggests the Cerebras valuation is below the Series F valuation level. 

Stock Price

A public Cerebras stock price is not available. We won’t get a better sense of the share price until the IPO price is floated to investors about a week before the public debut. 

Private transactions took place at around $43 per share on the Hiive marketplace in October 2024, but trade volume has slowed. 

How to Invest in Cerebras Stock

Since Cerebras is a private company, it is challenging to become an equity owner today.

However, you can increase your chances of early equity ownership or obtain shares in the IPO by taking the actions outlined below.

Accredited investors will have an easier time via pre-IPO investing platforms. Non-accredited investors can look to venture capital funds for access to pre-IPO companies. 

1. Participate in the Cerebras IPO through a broker

The Cerebras IPO could happen as soon as the end of October. Most retail investors will not receive IPO shares. 

But, savvy retail IPO investors may find opportunities to invest during the IPO when it arrives. IPO access has become increasingly accessible to retail investors in the past few years. 

The following online brokers give customers free access to IPOs with low minimum deposits:

• TradeStation 
• Robinhood
• Moomoo
• Webull

Exclusive access to highly sought-after IPOs may be limited based on the type of brokerage accounts you hold and which brokerages have secured exclusive rights.

TradeStation has a longer track record of accessing more than 360 IPOs and secondary offerings via its partnership with Click Markets

But Robinhood has the advantage of Silicon Valley networks and a history of getting allocations for high-profile IPOs.

Read the S-1 filings to find mentions of these online brokers to find opportunities. 

Check out this list of best brokers for IPO investing to learn more about IPO access for retail investors.

2. Access via pre-IPO investing platforms

The author has seen multiple opportunities to invest in Cerebras stock on pre-IPO investing platforms. Only accredited investors may buy stock directly. 

However, these opportunities will likely go away soon since it has filed for an IPO. 

Interested investors can monitor pre-IPO platforms, including Hiive, EquityZen, Forge Global, and Linqto for current availability.

Linqto* removes barriers to private markets and gives you access to invest in pre-IPO companies. Cerebras is still availability as of December 30th, 2024. 

Shares may become available through sales by early investors or employees before the IPO.

Minimum investment amounts range from $5,000 to $50,000 or more on various platforms. Investors must meet the SEC accreditation standard to be eligible for direct investment. 

Signing up for online access to pre-IPO data, deal alerts, and expressing interest in currently unavailable startups is free.

Non-accredited retail investors can invest in other pre-IPO startups like OpenAI, Databricks, Anthropic, and Anduril via the Fundrise Innovation Fund (review). All U.S.-based investors 18+ are eligible to invest. $10 minimum investment.

However, investors cannot select individual pre-IPO companies, and Cerebras stock is currently not in the portfolio.

Check out our list of top pre-IPO investing platforms for current share availability across platforms. 

Please note: This is a testimonial in partnership with Fundrise. We earn a commission from partner links on AccessIPOs.com. All opinions are my own.

3. Buy Cerebras stock after the IPO

Most investors will not acquire pre-IPO shares or receive an allocation during the IPO. They will need to wait until an IPO or acquisition to own a small slice of Cerebras. 

Investing after the IPO has advantages. The market-based pricing and regulated filings reduce investor risk. Furthermore, public numbers make it easier for retail investors to perform due diligence before investing. 

Avoid chasing over-inflated share prices immediately after the IPO. Stock price declines after IPOs can be excellent entry points.

Be selective and patient. The most disruptive companies are likely to experience higher valuations a decade from now.

Frequently Asked Questions (FAQs)

Is Cerebras Publicly Traded?

Not yet. Cerebras is not publicly traded, but investors are hopeful it may IPO in the coming months. 

Has Cerebras Filed for an IPO?

Yes! Cerebras filed on September 30th, 2024.  

What is the Cerebras Stock Symbol?

The Cerebras stock symbol will be “CBRS”.

Cerebras News Archive

10/02/2024: Beware hallucinations in AI chipmaker IPO
10/01/2024: Inside AI chip startup Cerebras’s S-1 filing
09/25/2024: Cerebras Targets Raising Up to $1 Billion in IPO
08/27/2024: Introducing Cerebras Inference: AI at Instant Speed
08/01/2024: Cerebras Is Said to Plan IPO as Soon as October
08/01/2024: Cerebras confidentially files for US IPO
06/25/2024: Cerebras Authorizes Discounted Series F-1
06/20/2024: Cerebras files for IPO confidentially
04/02/2024: Cerebras Systems Picks Citigroup for IPO
03/13/2024: Cerebras Unveils World’s Fastest AI Chip
01/25/2024: Cerebras Systems Weighs IPO as Soon as 2024
10/30/2023: Cerebras CEO Sounds Off on Nvidia’s Roadmap
08/29/2023: Meet “Jais”, The World’s Most Advanced Arabic LM
07/20/2023: Cerebras and G42 Unveil World’s Largest Supercomputer for AI
11/10/2021: Cerebras Systems Raises $250M in Series F
12/19/2016: A stealthy startup called Cerebras raised $25 million

Conclusion

Retail investors often become interested in buying startups riding extraordinary macroeconomic and technology trends (AI, supercomputing chips, LLMs) before they go public. 

However, acquiring ownership in Cerebras and similar companies is challenging for retail investors, especially non-accredited ones, due to regulations. 

Cerebras is unique in that pre-IPO shares have been available leading up to the IPO. Investors with conviction in the company may find ways to profit from early access headed into the IPO. 

Unfortunately, the Cerebras IPO is likely to be postponed, which could stall this deal and the next wave of IPO. Investors had high hopes that Cerebras would kick off a wave of AI IPOs, but the S-1 filing has shown that risks are real for young companies. 

Pre-IPO investing platforms have opened more opportunities for retail investors. However, venture capital investing is still mostly reserved for super-wealthy and accredited investors. And it’s too late now that the IPO is near. 

Investors will likely hit roadblocks trying to obtain IPO shares. Open accounts with the IPO brokers above and monitor the offerings in your account. 

Good luck if you wish to buy Cerebras stock during the Cerebras IPO. Invest in pre-IPO and IPO companies at your own risk.