จาก $100 สู่ $350: MSX ประสบความสำเร็จในการออกจาก Cerebras รอบแรก สะท้อนการปิดวงจร RWA บนเชน

On May 14, 2026, at 9:30 AM Eastern Time, Cerebras Systems officially listed on the Nasdaq under the ticker $CBRS.

The stock surged at the open, reaching a high of over $350 on its first day. The wealth-creating myth of tech IPOs played out once again.

For most retail investors, this seemed like just another "fireworks outside the window": watching others get ahead, with no allocation, no access, and no way in for themselves.

But for users who participated in Phase 1 of the MSX Pre-IPO, this day marked the payoff of an early-stage bet: a purchase price of $100.35, an IPO price of $185, a first-day high of $350+, and a comprehensive return of over 300% in less than three months. It is reported that platform users who participated in the MSX Pre-IPO Phase 1 Cerebras project are directly eligible to receive the platform's CBRS stock token airdrop.

Meanwhile, MSX will launch Phase 2 of its Pre-IPO on May 16, offering subscriptions for two highly anticipated private companies: Anthropic and Polymarket. Users can log in to the MSX Maitong platform page for details.

MSX Maitong is a leading blockchain-based tokenized trading platform for US stocks. Its core value proposition is enabling users to participate in trading and investing in US stocks and high-quality blockchain assets directly using stablecoins. With a complete end-to-end chain covering Pre-IPO subscription, holding, listing, and spot acquisition, it provides ordinary users with early-stage access channels previously reserved for institutional investors. This also represents one of the first historical full-chain exits for on-chain RWA in the context of top-tier tech IPOs.

Why Cerebras: MSX Pre-IPO Project Selection Criteria

In the AI chip赛道, Nvidia is almost the only name that comes to mind. However, Cerebras is one of the few companies truly qualified to be called a "challenger." Cerebras's core product is a wafer-scale AI inference chip: its physical size is hundreds of times larger than a standard chip, and in specific LLM inference scenarios, it claims to be 21 times faster than Nvidia's B200, while reducing energy consumption and token costs by 33% each. OpenAI, AWS, and G42 have all become its partners, with the total value of the agreement signed with OpenAI exceeding $20 billion.

The IPO itself also validated market judgment: the initial price range was set at $150-$160, but the final price was set at $185, an increase of 28%; the subscription multiple reached 20 times. The offering of 30 million shares raised $4.8 billion, with a listing valuation of approximately $35 billion.

This is a target that is extremely difficult to secure in the open market. For ordinary retail investors, the window to participate is almost non-existent unless they enter before the listing. MSX Maitong chose Cerebras for its Phase 1 Pre-IPO based on three judgments: Firstly, Cerebras has genuine technological barriers in the AI chip race, not just a conceptual target; secondly, its client structure – OpenAI, AWS, and G42 – provides sufficient commercial credibility; thirdly, the IPO feasibility is clear, meeting MSX's core screening criterion of "exitability" for Pre-IPO projects.

The successful exit of the Cerebras project marks the first complete case for the MSX Pre-IPO segment. What it validates, beyond the selection judgment for this specific target, is the true on-chain feasibility of the entire subscription-holding-listing-exit chain. Previously, this remained mostly at the proof-of-concept stage. MSX's move is a significant milestone in the industry's development. The inaugural Cerebras exit provides a complete sample with data, processes, and specific timelines.

Exit Closure and the Foundation of Platform Trust

The term "wealth creation" has always represented investors' deepest desire and the primal driving force for countless people to enter the market. But before making investment decisions, one must choose a platform that can truly withstand scrutiny as a foundation. MSX understands that under the custody of user assets, capital security and channel reliability are paramount principles. Based on this, MSX has built a complete and transparent mechanism that makes every step of the process visible to investors before the asset goes public. The process is as follows:

Subscription → Users purchase CBRS Pre-IPO shares on the MSX platform at $100.35/U, with assets recorded on-chain in token form;

Holding → During the period from subscription to IPO listing, users can view their holdings status in real-time on the MSX platform, with asset status visible throughout the process;

IPO Pricing → After-hours on May 13, 2026, the final offering price for MSX Cerebras was set at $185, approximately 84% higher than the MSX purchase price;

Official Listing → On May 14, CBRS listed on the Nasdaq, surging at the open and reaching a high of $350+ on its first day;

Spot Selling → The MSX platform simultaneously launched CBRS.M spot trading, allowing Pre-IPO users' tokens to be directly converted into tradable spot assets, available for market orders at any time without waiting for lock-up periods to expire.

Cash Realization → Proceeds from sales are settled in stablecoins, completing the capital cycle.

To illustrate with specific numbers: taking a subscription of $1000 U as an example, with a purchase price of $100.35/U, by the first-day high of $350, the corresponding holding value would be approximately $3483 U. Combined with the CBRS stock token airdrop distributed by MSX to Pre-IPO participating users, the comprehensive return exceeds 300%.

From subscription to listing access, and then to the final asset locking channel of spot selling/retaining holdings, MSX has achieved both the entry and exit closure for participating in Pre-IPOs. For ordinary investors, this is the true construction of platform trust significance.

According to information from the MSX official website, as of the latest audit on May 10, 2026, MSX's total reserve fund is $79,410,391.21, with a total reserve ratio of 121.08%. The audit algorithm uses Merkle Tree + zk-SNARKs, and reserve ratios for all asset types exceed 100%: USDT 106.32%, USDC 110.86%, TSLA.M 123.11%, CRCL.M 119.39%. This means that the platform's asset reserves exceed the total user holdings at any given time.

From an industry perspective, having trust value and being able to open up traditionally high-barrier Pre-IPO projects to ordinary investors in a verifiable manner represents a pioneering embodiment within the on-chain US stock ecosystem.