Astera Labs (ALAB) priced 19.8M shares at $36.00 per share. Morgan Stanley and JPMorgan are acting as joint book running managers for the offering. The deal priced above the $32.00-$34.00 range. Astera Labs describes itself as “a global leader in purpose-built connectivity solutions that unlock the full potential of AI and cloud infrastructure” whose Intelligent Connectivity Platform integrates PCIe, CXL, and Ethernet semiconductor-based solutions based on a software-defined architecture.
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