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Commentary & News

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

ALAB

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

US IPO Week Ahead: 2024 gets its first large tech IPOs, with Reddit and Astera Labs set to debut

RDDT

The end of the first quarter is on the horizon, and the IPO calendar is starting to heat up, with the week ahead set to be led by the year’s first large tech IPOs. Social media platform Reddit (RDDT) plans to raise $715 million at a $6.1 billion market cap. The platform has over 100k+ active interest-based “subreddits,” serving 76 million daily...read more

US IPO Weekly Recap: 7 new filers join the pipeline as Reddit and Auna launch

NTHI

No IPOs debuted this past, as two companies previously scheduled to list (NTHI and RAN) kicked the can down the road. Seven IPOs and one SPAC submitted initial filings this week. Meanwhile, social media platform Reddit (RDDT) launched its $715 million IPO, and Peru-based healthcare firm Auna (AUNA) launched its $420 million IPO. Both are...read more

Neuroscience and inflammation biotech Contineum Therapeutics files for a $150 million IPO

CTNM

Contineum Therapeutics, a Phase 1 biotech developing small molecule therapies for NI&I indications, filed on Friday with the SEC to raise up to $150 million in an initial public offering. Contineum Therapeutics is focused on discovering and developing novel, oral small molecule therapies for the treatment of neuroscience, inflammation, and immunology (NI&I) indications with...read more