Tag
#ipo
AI
Cerebras Soars 68% in Debut, Becomes $95 Billion AI Chip Giant With Largest IPO of 2026
Cerebras Systems shares surged 68 per cent in their Nasdaq debut, closing at $US311.07 after the AI chipmaker raised $US5.55 billion in the largest IPO of 2026. The company, a challenger to Nvidia with its wafer-scale AI processors, commanded a $US95 billion market capitalisation.
By Asha Iyer
Startups
ASIC fines Canva $792,000 over late accounts as filings show $US242m loss
ASIC has fined Canva Group A$792,000 over the late lodgement of its 2024 accounts, with each of four entities paying A$198,000. The long-delayed filings show the Sydney design software company posted a US$242 million net loss on revenue of US$2.1 billion.
By Jules Hartman
