All posts tagged: astera labs

Astera Labs’ IPO pops 54%, showing that investor demand for tech with an AI-twist is high

Astera Labs’ IPO pops 54%, showing that investor demand for tech with an AI-twist is high

[ad_1] Astera Labs started its life as a public company trading at $52.56 per share, up 46% when the bell rang. The company, which provides “semiconductor-based connectivity solutions transforming the future of AI,” priced its IPO last night at $36 per share, above its raised price range. Astera’s debut marks the first material technology offering this year that TechCrunch is tracking. Reddit, the well-known social forum and AI data provider, is expected to price after the close of trading today and begin its own public saga tomorrow. Since trading began, Astera’s shares have continued to climb, reaching $55.73 as of the time of writing, for a gain of around 54%. While the company’s strong early trading will certainly engender critiques that it was mispriced, and that the company left money on the table, its bull-rush into public life may help other private-market tech companies find the courage to list their own shares after a long period of limited IPO activity. Astera Labs’ IPO price valued it at around $5.5 billion, a figure that swells to …