The IPO Buzz: Astera Labs (ALAB Proposed) Increases IPO’s Size to $653.4 Million – Up 29 Percent
By Jan Paschal - Posted March 18, 2024 Astera Labs (ALAB Proposed) - an AI play - increased its IPO's size early today to 19.8 million shares - up from 17.8 million shares - and raised the price range to $32.00 to $34.00 - up from $27.00 to $30.00. Under the new terms, Astera Labs expects to raise $653.4 million - up from $507.3 million under its original terms - according to its S-1..
Read more March 18, 2024IPO Calendar
Company | Symbol proposed | Shares (Millions) | Est. $ Volume | Expected to Trade | SCOOP Rating | Rating Change |
---|---|---|---|---|---|---|
Intelligent Group Limited | INTJ | 2.0 | $ 9.0 mil | 3/19/2024 Tuesday | S/O | S/O |
Astera Labs, Inc. | ALAB | 19.8 | $ 653.4 mil | 3/20/2024 Wednesday | S/O | S/O |
Black Hawk Acquisition Corp. | BKHAU | 6.0 | $ 60.0 mil | 3/20/2024 Wednesday | S/O | S/O |
Last 100 IPOs - March 18, 2024
Number of IPOs priced : | 100 |
Number Up: | 32 |
Number Down: | 68 |
Number Unchanged: | 0 |
Percentage Change From Issue Price: | 5.91% |
Percentage Change for The Nasdaq Composite | 27.95% |
2024 IPO Scorecard - March 18, 2024
Number of IPOs priced (Excluding 4 units) : | 30 |
Number Up: | 12 |
Number Down: | 18 |
Number Unchanged: | 0 |
Total Return From Issue Price: | 4.37% |
The Nasdaq Composite Index YTD % Change | 6.41% |