Cerebras prices IPO at $185 per share, 30 million Class A shares

Cerebras priced its initial public offering at $185.00 per share for 30 million Class A shares, with underwriters holding an option on 4.5 million more. Morgan Stanley, Citigroup, Barclays and UBS Investment Bank led the offering, and trading was set to begin on Nasdaq under CBRS on May 14. At 30 million shares the base offering is about $5.55 billion before underwriting discounts, which the company's release does not total.

• Price: $185.00 per Class A share
• Base offering: 30,000,000 shares; option for 4,500,000 more
• Lead bookrunners: Morgan Stanley, Citigroup, Barclays, UBS Investment Bank
• Listing: Nasdaq Global Select Market, ticker CBRS, trading from May 14