INTJ News

Four IPOs priced this past week, joined by one SPAC. After upping its terms at the start of the week, chipmaker Astera Labs (ALAB) priced above the raised range to raise $713 million at a $6.3 billion market cap. Astera offers its Intelligent Connectivity Platform, which comprises semiconductor-based connectivity products and its software suite. Its products are...read more

Intelligent Group, which provides financial public relations consulting in Hong Kong, raised $8 million by offering 1.9 million shares at $4, the low end of the range of $4 to $5. The company offered 0.1 million fewer shares than anticipated. Intelligent Group advises clients on their communications and reputation management efforts. The firm provides services to clients during...read more

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

A few small issuers are currently scheduled to price in the week ahead, though others may join late. While the calendar is relatively quiet for now, we expect activity to pick back up in March, with tech names Astera Labs (ALAB) and Reddit (RDDT) primed for listings in the coming weeks. Singapore-based ride-hailing app ...read more