Cerberus Raises $5.6B in 2026's Biggest IPO at $185 per Share

Deal Summary

Chipmaker Cerberus priced its shares at $185 in an IPO that raised $5.6 billion, making it the largest public offering of 2026. The stock surged 68 % on debut before slipping 10 % the next day, reflecting strong investor appetite for AI‑related equities.