Fervo, Cerebras: It's a Big Week for IPOs -- WSJ

Dow Jones
May 14

By WSJ Staff

A new entrant to the Nasdaq is set to test the strength of the IPO market today-and offer investors another way to bet on artificial intelligence.

Cerebras Systems $(CBRS)$, an AI chip maker backed by OpenAI's Sam Altman, said yesterday that it priced its upsized offering of 30 million shares at $185.00 a share, higher than an earlier guided range, making its IPO the biggest in the U.S. so far this year.

Investors will be watching to see whether its stock pops on its inaugural day of trading, a day after another newly-listed company made a splash on its public debut.

Shares of geothermal developer Fervo Energy $(FRVO)$ soared about 35% on their first day of trading, a sign of investor appetite for energy companies as the U.S. faces record amounts of new power demand.

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(END) Dow Jones Newswires

May 14, 2026 06:45 ET (10:45 GMT)

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