# Specification Index (Pre-IPO Perpetuals)

<table><thead><tr><th>Market</th><th width="253.49481201171875">Description</th><th>Initial Reference Price</th><th width="104.775146484375">Outside Launch Date</th><th>Settlement Period</th><th width="110.48260498046875">Max Leverage</th><th width="116.4244384765625">Discovery Bound</th><th width="127.700439453125">Max Discovery Bound Resets</th><th>Anticipated Listing Event</th><th>Margin Mode</th><th>Open Interest Cap</th></tr></thead><tbody><tr><td>Cerebras (CBRS)</td><td>CBRS is a pre-IPO market reflecting the market-implied expected price per share of Cerebras Systems common stock. Cerebras develops AI chips, supercomputing systems, and cloud infrastructure designed to power large-scale artificial intelligence workloads.</td><td>$150</td><td>May 30, 2026</td><td>60 days (no later than July 30, 2026)</td><td>5x</td><td>±25%</td><td>5</td><td>IPO</td><td>Strict Isolated</td><td>$5m</td></tr></tbody></table>


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