Latham & Watkins Represents Cerebras Systems Inc. in US$5.55 Billion IPO

Cerebras Systems Inc. (Cerebras) has announced the pricing of its initial public offering of an aggregate of 30,000,000 shares of its Class A common stock, at a public offering price of US$185 per share. In addition, Cerebras has granted the underwriters a 30‑day option to purchase up to an additional 4,500,000 shares of its Class A common stock at the initial public offering price, less underwriting discounts and commissions. The shares are expected to begin trading on the Nasdaq Global Select Market on May 14, 2026, under the ticker symbol CBRS. The offering is expected to close on May 15, 2026, subject to customary closing conditions.

Latham & Watkins LLP represents Cerebras in the IPO with a corporate team led by partners Tad Freese and Sarah Axtell and counsel Zuza Gruca, with associates Chelsea Carlson, Julian Brody, Jessica Kerr, Tristan Schmoor, Taleah Tyrell, and Will Sedgwick. Advice was provided on executive compensation, employment, and benefits matters by partners Jay Metz and James Robinson; on tax matters by partner Grace Lee, with associates Dennis Poehland and Jake Meninga; on intellectual property matters by partners Morgan Brubaker and Michelle Gross and counsel Ryan Clore, with associates Caroline Toman Lammon and Amy Tosi; on data privacy and cybersecurity matters by partner Michelle Gross, with associate Zac Alpert; on securities regulatory matters by partners Joel Trotter and Alexander Cohen; on Section 16 matters by partner William Hackett and of counsel Robert Koenig, with associates Sara Almousa and Jewel Drigo; on Investment Company matters by partner Jennifer Tian; and on regulatory matters by partner Les Carnegie and counsel Ruchi Gill and Aaron Amundson, with associate Matthew Gregory.