01:08 PM EDT, 03/20/2024 (MT Newswires) -- (Corrects the opening price for Astera Labs' stock in the headline and second paragraph; notes time of first trade.)

Astera Labs (ALAB) started trading on the Nasdaq, effective Wednesday.

The company's shares opened at 12:39 pm EST at $52.56 per share.

The company's Chief Executive Jitendra Mohan and President and Chief Operating Officer Sanjay Gajendra rang the Nasdaq's opening bell.

Price: 55.47, Change: +19.47, Percent Change: +54.07