# Cerebras priced its initial public offering at $185 a share.

*genai · news · 2026-05-14 · Fortune*

## Key points

- Cerebras priced its IPO at $185 per share, raising approximately $5.55 billion.
- Customer concentration shifted in 2025: G42 dropped to 24% and MBZUAI rose to 62%.
- Cerebras signed a multi-year OpenAI deal worth over $20 billion, with no revenue recognized yet.
- The Wafer Scale Engine 3 is a single-wafer AI processor, not GPU chiplets like Nvidia.

**Companies:** Nvidia, Cerebras
**Countries:** United States, United Arab Emirates

[Read the full story on Fortune](https://fortune.com/2026/05/14/cerebras-tkttk-in-one-of-the-biggest-ipos-of-the-year/)

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