Astera Labs, Inc.

Astera Labs, Inc. (ALAB) priced its initial public offering on Mar 21, 2024 at $36.00 per share, and listed on Nasdaq Global Select. At the IPO price its market capitalization was about $5.49B. Barclays was lead-left underwriter, joined by Deutsche Bank and Evercore ISI. Goodwin Procter and Whalen advised the company and Simpson Thacher advised the underwriters.

Astera Labs, Inc. provides an Intelligent Connectivity Platform for cloud and AI infrastructure. It combines semiconductor-based, high-speed mixed-signal connectivity products, sold as integrated circuits, boards and modules, with COSMOS, a software suite embedded in those products.

Status

IPO

Ticker

ALAB

Exchange

Nasdaq Global Select

Priced

Mar 21, 2024

IPO price

$36.00

Market cap at IPO price

$5.49B

First filed

Feb 21, 2024

Underwriters

Barclays, Deutsche Bank and Evercore ISI

Company counsel

Goodwin Procter and Whalen

Underwriters' counsel

Simpson Thacher

Sector

Technology

Country / state

CA

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.