TECH - Intel-Backed Astera Labs Sets Stage for Nasdaq Debut Aiming To Capitalize On AI Boom | Benzinga
Astera Labs Inc, supported by Intel Corp (NASDAQ:INTC), announced its intention to raise up to $534 million through an initial public offering (IPO), capitalizing on the growing interest in artificial intelligence (AI) investments.
Based in Santa Clara, California, the company planned to sell 14.79 million shares, with an additional 3.01 million offered by existing investors, priced between $27 and $30 each.
The IPO was disclosed in a recent regulatory filing led by Morgan Stanley (NYSE: