Astera Labs seeks to raise up to $712.8 mln in US IPO-March 2024-www.financetom.com

Astera Labs seeks to raise up to $712.8 mln in US IPO

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

Astera Labs seeks to raise up to $712.8 mln in US IPO

Mar 19, 2024 7:02 PM

March 19 (Reuters) - Chip firm Astera Labs on Tuesday set the pricing of its initial public offering (IPO)

of 19.8 million shares at $36 apiece, aiming to raise around

$712.8 million.

The company's shares are expected to begin trading on Nasdaq

under the the ticker symbol "ALAB" on March 20, Astera said.

Previous page： BofA profit jumps on investment banking, trading boost Next page： Market Chatter: Rivian, Plug Power Expected to Receive Financing From Outgoing Biden Administration

Comments

Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.

Show More Comments

Related Articles >

BofA profit jumps on investment banking, trading boost

Jan 16, 2025

(Reuters) -Bank of America BAC.N reported higher profit on Thursday as its investment bankers capitalized on resurgence in dealmaking in the fourth quarter while the lender predicted it would earn more interest income in 2025. The earnings mirror those of rivals across Wall Street including JPMorgan, Goldman Sachs, Wells Fargo, and Citigroup, whose results were buoyed by a dealmaking rebound...

Market Chatter: Rivian, Plug Power Expected to Receive Financing From Outgoing Biden Administration

Jan 16, 2025

06:47 AM EST, 01/16/2025 (MT Newswires) -- Rivian Automotive ( RIVN ) and Plug Power ( PLUG ) may receive billions of dollars in financing from the outgoing US administration before Donald Trump assumes office next week, Bloomberg reported late Wednesday, citing people familiar with the matter. The Department of Energy plans to provide a $1.7 billion loan guarantee for...

Bank of Japan Sends Stronger Signal It's Planning to Hike Rates Next Week, Says Mitsubishi UFG

Jan 16, 2025

06:49 AM EST, 01/16/2025 (MT Newswires) -- The yen (JPY) continued to strengthen overnight Wednesday resulting in USD/JPY falling to an intra-day low of 155.21 as the pair moves further below the high set at the end of last week following the release of the much stronger United States nonfarm payrolls report at 158.87, said Mitsubishi UFG. The main trigger...

Market Chatter: Canada Readies Tariffs on $105 Billion of US Products If Trump Hits First

Jan 16, 2025

06:49 AM EST, 01/16/2025 (MT Newswires) -- Canada has drawn up an initial list of C$150 billion ($105 billion) of US-manufactured items that it would hit with tariffs if President-elect Donald Trump decides to levy tariffs against Canadian goods, according to an official familiar with the matter, Bloomberg is reporting. The list is a draft and would come into play...