Mar 20, 05:45 PM

Astera Labs IPO Surges 60-72% on Nasdaq Debut, Raising $713M in Santa Clara

Astera Labs, a chip connectivity startup based in Santa Clara, had a successful IPO on the Nasdaq Exchange, raising $713 million and pricing well above the projected range. The company's stock surged by 60-72%, valuing it at around $8.5-9.5 billion. Investor demand for AI-related stocks like Nvidia is evident in the strong market response to Astera Labs' IPO.

#Astera Labs #Santa Clara #Nasdaq Exchange #Nvidia

Written with ChatGPT (GPT-3).