On May 14, 2026, at 9:30 am ET, Cerebras Systems officially listed on Nasdaq with the stock code $CBRS.

It rose sharply at the opening, hitting a high of more than $350 on the first day. The wealth-creating myth of technology stock IPOs was once again staged on this day.

For the vast majority of retail investors, this seems to be just another "fireworks outside the window": seeing others get there first, they have no share, no channel, and no way.

For users who participated in the first phase of MSX Pre-IPO, this day meant the realization of an early plan: the purchase price was $100.35, the IPO issue price was $185, the highest stock price on the first day was $350+, and a comprehensive rate of return of over 300% was achieved after holding the position for less than three months. It is reported that platform users who have participated in the MSX Pre-IPO Phase I Cerebras project can directly obtain air investment qualifications for the platform's CBRS stock tokens.

At the same time, MSX will launch the second phase of Pre-IPO on May 16. This phase will open for subscription of two high-profile unlisted companies: Anthropic and Polymarket. Users can log in to the MSX Maitong platform page to view details.

MSX is a leading U.S. stock tokenized trading platform based on blockchain technology. Its core positioning is to allow users to directly participate in the trading and investment of U.S. stocks and high-quality blockchain assets in the form of stable currency; relying on a complete full link of Pre-IPO subscription, position holding, listing, and spot acquisition, it allows ordinary users to obtain early entry channels that were originally only for institutional investors. This is also the first historic full-link exit completed by on-chain RWA in the top technology stock IPO scenario.

Why Cerebras: MSX Pre-IPO Project Selection Criteria

In the AI chip track, NVIDIA is almost the only name. But Cerebras is one of the few companies that truly qualifies as a "challenger." The core product of Cerebras is a wafer-level AI inference chip: the physical size is hundreds of times that of ordinary chips. In specific LLM inference scenarios, the speed is claimed to be 21 times faster than NVIDIA B200, while reducing energy consumption and token costs by 33% each. OpenAI, AWS, and G42 have all become its partners, and the total number of cooperation terms signed with OpenAI exceeds 20 billion US dollars.

The IPO itself also confirmed the market’s judgment: the original issuance price range was $150-$160, and the final price was $185, an increase of 28%; the subscription multiple reached 20 times. Offered 30 million shares, raised $4.8 billion, and valued the company at about $35 billion.

This is an extremely difficult target to obtain chips in the open market. For ordinary retail investors, the participation window is almost zero, unless they have entered the market before listing. MSX Maitong selected Cerebras to be included in the first phase of Pre-IPO based on three judgments: first, Cerebras has real technical barriers in the AI ​​chip track and is not a conceptual target; second, its customer structure: OpenAI, AWS, and G42 all provide sufficient commercial credibility; third, the IPO feasibility is clear and meets MSX's core screening criteria for "exitable" Pre-IPO projects.

The successful exit of the Cerebras project is the first complete case in the MSX Pre-IPO section. What it verifies is not only the selection judgment of this target, but more importantly, the real feasibility of the entire subscription-holding-listing-exit link on the chain: before, it was still more in the proof-of-concept stage; MSX's move is an important milestone in the development of the industry. The exit of the first Cerebras provides a complete sample with data, processes and time nodes.

Exiting the closed loop and platform trust base

The term "creating wealth" has always been the deepest desire of investors and the original driving force for countless people to enter the market. Before making an investment decision, you need to choose a truly tested platform as a backing. MSX understands that under the entrustment of user assets, the security of funds and the reliability of channels are the supreme criteria. Based on this, MSX has built a complete and transparent mechanism so that investors can clearly see every aspect of the layout before the assets are listed. The process is as follows:

Subscription → Users buy CBRS Pre-IPO shares on the MSX platform at $100.35/U, and the assets are recorded on the chain in the form of tokens;

Positions → From subscription to IPO listing, users can check the position status in real time on the MSX platform, and the asset status is visible throughout the process;

IPO Pricing → After the market closed on May 13, 2026, the final issuance price of MSX Cerebras was $185, which was approximately 84% higher than the MSX purchase price;

Officially listed → On May 14, CBRS was listed on Nasdaq and opened sharply, hitting a high of $350+ on the first day;

Spot selling → MSX platform simultaneously launches CBRS.M spot trading. The tokens held by Pre-IPO users are directly converted into tradable spot assets, and orders can be placed to sell at any time without waiting for the lock-up period to be lifted.

Cash into account → The proceeds from the sale will be settled in the form of stable currency, completing the closed loop of funds.

Explain with specific figures: Take the subscription of $1000 U as an example, the purchase price is $100.35/U, and when the highest price on the first day of listing is $350, the corresponding position value is approximately $3483 U. Superimposed on the CBRS stock token airdrop issued by MSX to Pre-IPO participating users, the comprehensive return rate exceeds 300%.

From subscription to listing, to the final asset locking channel of spot selling/retaining positions, MSX has realized a closed loop of entrance and exit for participating in Pre-IPO. For ordinary investors, this is the real construction of platform trust.

According to the information on the official website of MSX, as of the latest audit on May 10, 2026, the total reserves of MSX are $79,410,391.21, the total reserve rate is 121.08%, the audit algorithm uses Merkle Tree + zk-SNARKs, and the reserve rates of various assets exceed 100%: USDT 106.32%, USDC 110.86%, TSLA.M 123.11%, CRCL.M 119.39%. This means that the asset reserves held by the platform are higher than the total user holdings at any time.

From an industry perspective, it has trust value and can open the originally extremely high threshold Pre-IPO project to ordinary investors in a verifiable manner. It is a pioneer in the US stock ecology on the chain.