Astera Labs Inc. and its investors are preparing to raise about $ 713 million by offering a preliminary public for the connection segment of connections to exceed the hit price class. The company and its current contributors have benefited from investors’ interest in artificial intelligence, and sold 19.8 million shares at $ 36 a share. Astira previously set the share price between $ 32 and $ 34 after increasing the volume and conditions of the share offer. According to the final price of the offer, the market value of “Astira” will be approximately $ 5.5 billion based on the existing shares listed in its deposits at the US Security and Exchange Committee. When the stock and stock options (allocated to employees) add, the value of the company is $ 6 billion. Invidia adds $ 277 billion to its market value in one day, the Astira representative did not immediately respond to the comments requests. This listing is one of the biggest offer during the year so far, as one day precedes the sale of high -level shares by the Reddit Inc., which seeks to acquire up to $ 748 million to IT and its employees and shareholders. The shares of “Astira” performed better than the recent primary public subscriptions for US technology companies, as “Instax” raised $ 660 million last September and “Clavio” $ 659 million. Although these subscriptions, in addition to the launch of the British “Arm Holdings Plc” business, the largest of $ 5.23 billion – the largest in 2023 – failed to launch a wave of primary public proposals, the market has since seen an improvement. More than $ 7.2 billion was collected by the initial public subscriptions in the US stock exchanges this year before the shares of “Astira”, according to the data collected by “Bloomberg”. The history of Astira leads the company’s first public offering of “Morgan Stanley” and “JB Morgan”, with the participation of “Barclays”, “Deutsche Bank”, “Evekor”, the “Geoffrez” Financial Group and six other banks. Astira trading is expected to start on the Nasdaq Stock Exchange under the symbol today, Wednesday. Founded in 2017, Astira is developed, and communication solutions are based on semiconductors with the aim of enabling ‘generalization’ of artificial intelligence and machine learning in cloud services, according to its website. The company has benefited from investor optimism about artificial intelligence as part of a 2022 financing round led by ‘Fidelity Management & Research’, which collected $ 150 million in which it rose to $ 3.15 billion. “Reddit” leads the scouts of the public subscriber market in 2024 the shares of “Invidia” and other shares associated with artificial intelligence over the past year has helped to raise the equity indicators to record levels. In 2023, Astira reduced its net losses to $ 26 million from $ 116 million revenue, compared to a $ 58 million loss from the $ 80 million revenue in the previous year, according to deposit newspapers. Investors include the investment arm of “Intel”. The biggest contributor to the company “Sterle Hill Ventures”, which will control 12.6% of the company’s shares after the inclusion. The deposits show that the Fedeliti funds will get a 6.4%stake. Gitundra Mohan, co -worker and CEO of the company, will own 6.1% of the company’s shares, while Sanjay Gagundra, collaborator and CEO of operations, will have a 5% stake. About 3.1 million shares of public subscription shares are sold by current shareholders. The upward bound Yount will sell two million shares, while the rest will be sold by C&F in investments and investors with less than 1% for each.
Price “Astira” in the general offer over target range amid artificial intelligence spraying
