Cerebras IPO Becomes 2026's First Mega Tech Listing — $5.5B Raised, +108% Pop, $10B+ OpenAI Deal and AWS Data-Center Pact

TechCrunch·medium signal

Cerebras raised $5.5 billion in its IPO at $185/share and the stock popped roughly 108%, kicking off 2026's IPO season after a $1B February pre-IPO round. The company disclosed an agreement to put its chips in Amazon data centers and a deal with OpenAI reported to exceed $10 billion, against ~$510M revenue. The reception (20x demand) is a strong signal that public markets are paying up for AI-infrastructure exposure even as application-layer SaaS multiples compress.