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Astera Labs Nasdaq IPO: raised $712.8 million at $36 per share, first-day close $62.03
Astera Labs priced its IPO at $36 on March 19, 2024 and began trading on Nasdaq (ticker ALAB) on March 20, 2024, raising $712.8 million by offering 19.8 million shares. Shares surged 72% on the first day to close at $62.03, valuing the company at approximately $9.5 billion at market close.