Astera Labs (ALAB) had its initial public offering (IPO) in March 2024, with shares pricing on March 19th and beginning to trade on the Nasdaq on
March 20, 2024, soaring over 70% on its first day due to high demand for AI-related tech stocks. The semiconductor connectivity company priced its shares at $36 each, raising significant capital and attracting major tech collaborations like with NVIDIA and Intel.
