Key Points The IPO lockup frees shares in stages -- about 171 million across 10 early release dates, by the company's own estimate. Three more waves land between Sept. 30 and Oct. 28, about 19.4 million shares apiece. The lockup fully expires no later than Nov. 9, freeing every remaining share at once. 10 stocks we like better than Cerebras Systems › Last Wednesday, about 14.6 million shares of Cerebras Systems (NASDAQ:CBRS) became eligible for sale for the first time. Two weeks earlier, another 14.6 million. Two weeks before that, 14.6 million more. The artificial intelligence (AI) computing specialist's initial public offering (IPO) lockup isn't waiting for an expiration date -- it has been dissolving on a schedule since the stock started trading.
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