Cerebras ($CBRS) can be traded on Hyperliquid as Pre-IPO Perpetual (IPOP) where it's currently trading around $300/share, implying a mid-$80B valuation.
On Friday, Bloomberg reported that Cerebras is seeking to raise up to $4B in its IPO at roughly a $40B valuation.
Traders on Hyperliquid are pricing it at 2x what bankers are reportedly targeting.
Is this about to become one of the most successful IPOs of 2026?