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Astera Labs Priced, Nasdaq: ALAB

Designs advanced chip-based connectivity products used in data centers.

Industry: Technology

Latest Trade: $73.34 0.00 (0.0%)

First Day Return: +72.3%

Return from IPO: +103.7%

Industry: Technology

Our mission is to innovate, design, and deliver semiconductor-based connectivity solutions that are purpose-built to unleash the full potential of cloud and AI infrastructure. Building on years of experience with a singular focus on addressing connectivity challenges in data-centric systems, we have developed and deployed our leading Intelligent Connectivity Platform built from the ground up for cloud and AI infrastructure. Our Intelligent Connectivity Platform comprises: i) Semiconductor-based, high-speed, mixed-signal connectivity products that integrate a matrix of microcontrollers and sensors; and ii) COSMOS, our software suite, which is embedded in our connectivity products and integrated into our customers’ systems. Our Intelligent Connectivity Platform provides our customers with the ability to deploy and operate high-performance cloud and AI infrastructure at scale, addressing an increasingly diverse set of requirements. We provide our connectivity products in various form factors including ICs, boards, and modules. Our patented software-defined platform approach delivers critical connectivity performance, enables flexibility and customization, and supports observability and predictive analytics. This approach efficiently addresses the data, network, and memory bottlenecks, scalability, and other unique infrastructure requirements of our hyperscaler and system OEM customers.
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IPO Data
IPO File Date 02/21/2024
Offer Price $36.00
Price Range $32.00 - $34.00
Offer Shares (mm) 19.8
Deal Size ($mm) $713
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 03/19/2024
Offer Price $36.00
Price Range $32.00 - $34.00
Offer Shares (mm) 19.8
Deal Size ($mm) $713
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Morgan Stanley
J.P. Morgan
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Company Data
Headquarters Santa Clara, CA, United States
Founded 2017
Employees 267
Website www.asteralabs.com

Astera Labs (ALAB) Performance