Markets
Cerebras Closes Below Its IPO Price as a Share Lock-Up Expires and Two Officers File Notices to Sell
The AI chipmaker's stock fell 8.87% on the day its post-IPO lock-up lifted, closing beneath the $185 price at which it went public in May.
ME
By Marcus Elrod
Oct 1, 2026 · 5 min read
Shares of Cerebras Systems fell 8.87% on Wednesday to close at $177.65, finishing below the $185 price at which the AI chipmaker sold shares in its May 2026 initial public offering. The stock traded as low as $177.61 during the session and was quoted at $179.00 in after-hours trading.
Discussion (0)
Sign in to join the discussion.
Loading comments…
ME
Marcus Elrod
Marcus tracks positioning, flows and rates. He writes CI's weekly market internals column.
Marcus Elrod writes for Corporate Insider Inc.