Andrew Feldman, co-founder and chief executive officer of Cerebras Systems Inc., holds a Wafer Scale Engine 3 AI chip during the company’s initial public offering (IPO) on the Nasdaq Marketsite, Thursday, May 14, 2026, in New York, USA.
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cerebral system I unfortunately missed out on participating in Facebook-parent. meta and alibaba As one of the few companies to close its first day trading on Wall Street with a market capitalization of over $100 billion.
The company’s stock was up 68% as of Thursday’s close, giving it a market capitalization of about $95 billion.
Alibaba’s 2014 IPO gave the Chinese tech giant a market capitalization of more than $231 billion at the end of its first day of trading, surpassing Facebook’s market cap of about $104 billion at the end of its first day of trading in 2012.
Alibaba earned $5.5 billion in revenue the year before its IPO, while Facebook’s revenue was $3.7 billion.
Cerebras is substantially smaller, with reported sales of $510 million in 2025. However, the company signed a multi-year agreement worth more than $20 billion with OpenAI in January and began working with OpenAI in March. Amazon web service.
nevertheless coinbase It reached a market capitalization of $100 billion when it went public in 2021, but that number had fallen to $85.8 billion on a fully diluted basis as of the closing bell.
Coinbase’s revenue was $1.28 billion the year before its IPO, but in the quarter immediately preceding its initial public offering, the company announced that revenue soared nine times from a year earlier to $1.8 billion as traders flocked to cryptocurrencies.
Cerebas’ big IPO could pave the way for even more blockbuster market debuts this year from companies like SpaceX, OpenAI, and Anthropic.
WATCH: Cerebras’ IPO was a huge success, contributing to the chipmaker’s strength.
