Investor Demand for Tech with an AI-Twist Drives Astera Labs’ IPO to 54% Increase

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Astera Labs started its life as a public company trading at $52.56 per share, up 46% when the bell rang. Astera Labs makes connectivity hardware for cloud computing data centers. Astera Labs’ IPO price valued it at around $5.5 billion, a figure that swells to around $8.9 billion at its current trading price. The strong performance of Astera in its first hours as a public company could also ameliorate some investor activity that is holding back, or even preventing some public offerings altogether. If VCs know that the startup could pop on the public market like Astera Labs, maybe they will think about the timeline differently.