# Cerebras Shares Fall to Post-IPO Low of $146.88 as Decline Deepens By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/30586 Published: 2026-10-12T21:08:33.000Z Updated: 2026-10-12T21:08:33.000Z Section: Investing > The stock closed at $147.16 on Oct. 12, about 62% below its first-day high of $386.34. Cerebras Systems shares fell to a new post-IPO low Monday, closing at $147.16 after reaching $146.88 intraday, about 62% below their first-day high of $386.34. The stock began trading on Nasdaq under the ticker CBRS on May 14 after Cerebras priced its initial public offering at $185 per share. Shares opened at $350, climbed to $386.34 and finished the first session at $311.07. Cerebras initially offered 30 million Class A shares. Underwriters later exercised an option to purchase 4.5 million additional shares, bringing total IPO issuance to 34.5 million shares. The company designs wafer-scale processors and computing systems for artificial-intelligence workloads. Its IPO prospectus warned that the release or possible release of locked-up shares could put pressure on the stock. Up to approximately 171.1 million shares could become eligible for release under lock-up or market-standoff provisions, including up to approximately 15 million shares held by directors and officers. Cerebras’ lock-up structure also allows periodic early releases of pre-IPO shares before the standard 180-day period expires. The company’s filing index lists Form 144 notices for intended sales of restricted stock filed Sept. 25 and Sept. 29, along with Form 4 ownership filings from late September and early October. Those filings do not establish that all intended sales were completed. The move came after the decline described in [Cerebras shares’ nearly 20% weekly drop](), which took the stock below its IPO price. ## Links in this article - [Cerebras shares’ nearly 20% weekly drop](https://www.tokenpost.com/news/investing/26490)