Dominari Gains $20M Carry as Cerebras IPO Soars 68% Debut Day
DOMH•Dominari Securities invested $10 million in Cerebras at $39 per share, yielding a roughly 9x return after its IPO debut drove the stock up 68% from $185 to $311.07 on May 14. That gain translates to an approximate $20 million carry for Dominari's SPVs.
1. Dominari’s Early Investment in Cerebras
Dominari Securities invested early in Cerebras Systems at $39 per share through SPV 1 & 2, allocating approximately $10 million for its clients directly on the cap table.
2. Cerebras IPO Performance
On its first trading day, Cerebras's stock opened at $185 and surged to close at $311.07, marking a roughly 68% increase from the opening price on May 14.
3. Returns and Carry Calculation
That price appreciation translated into an approximate 9x return on the initial investment, generating about $20 million in carry for Dominari Holdings from its SPV investments.
