Astera Labs evaluating IPO for next year - report
SweetBunFactory
Astera Labs, a semiconductor connectivity solutions company that's backed by Intel (INTC), is preparing for an initial public offering next year.
Astera Labs appointed Morgan Stanley and JPMorgan as lead underwriters for the listing, according to a Bloomberg report on Wednesday, which cited people familiar with the matter.
Astera Labs announced last November that it raised $150 million from its Series-D funding round led by Fidelity Management. The funding round valued the company at $3.15 billion. Fidelity was joined by other existing investors, including Atreides Management, Intel Capital, and Sutter Hill Ventures.

More on Intel

Intel's Turnaround: A Buy Approaching The New Age Of AI
Intel: We Expect A Successful Transformation
Intel: Threat To Margins Is Increasing
Intel rises as Wall Street weighs in on separation of PSG unit
Intel announces plans to separate Programmable Solutions Group as standalone biz