Astera Labs Inc. shares climbed as much as 67% on their first trading day after the semiconductor connectivity company and its investors raised $713 million in an upsized initial public offering, as investors pile into AI-related stocks.
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AI Infrastructure Firm Astera Labs Prices IPO Above Target to Raise $713 MillionAstera Labs Inc. and its investors are set to raise about $713 million, pricing shares in the semiconductor connectivity company’s initial public offering above the marketed range, according to people familiar with the matter.
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AI Infrastructure Firm Astera Labs Prices IPO Above Target to Raise $713 Million(Bloomberg) -- Astera Labs Inc. and its investors raised $713 million in the semiconductor connectivity company’s initial public offering, pricing the shares...
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