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ALAB

Chip connectivity firm Astera Labs ups deal size by 29% ahead of $653 million IPO

Astera Labs, which designs advanced chip-based connectivity products used in data centers, raised the proposed deal size for its upcoming IPO on Monday. The Santa Clara, CA-based company now plans to raise $653 million by offering 19.8 million shares (15% secondary) at a price range of $32 to $34. The company had previously filed to offer 17.8 million shares (17% secondary) at a...read more

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Ticker Company Ticker
Trade
Date
Shares (M) Price Range Deal Size ($M) Underwriters
RDDT Reddit RDDT 00/00/00 22.0 $31.00 - $34.00 $715 Morgan Stanley
Goldman
ALAB Astera Labs ALAB 00/00/00 19.8 $32.00 - $34.00 $653 Morgan Stanley
JP Morgan
AUNA Auna AUNA 00/00/00 30.0 $13.00 - $15.00 $420 Morgan Stanley
JP Morgan
CDTG CDT Environmental CDTG 00/00/00 2.0 $4.00 - $5.00 $9 WestPark Capital
INTJ Intelligent Group INTJ 00/00/00 2.0 $4.00 - $5.00 $9 WestPark Capital

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How to Invest
Ticker Company Ticker Offer Date Deal Size ($M) Current Price Today's Change Return from IPO
RYDE Ryde RYDE 03/06/24 $12 $5.21
$-0.27
(-4.9%)
30.3%
LGCL Lucas GC LGCL 03/04/24 $6 $3.10
$-0.20
(-6.1%)
-22.5%
SMXT SolarMax Technology SMXT 02/27/24 $18 $7.77
$-0.51
(-6.2%)
94.3%

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