Posted 10/4/2023, 7:34:20 PM
Astera Labs Preps for Potential 2024 IPO with Morgan Stanley and JPMorgan After Major Fundraise
- Astera Labs, backed by Intel, taps Morgan Stanley and JPMorgan to prepare for a potential IPO in 2024
- The semiconductor firm raised $150M in 2022 at a $3.15B valuation
- Astera develops connectivity solutions for AI and machine learning
- British chip designer Arm recently raised over $5B in its IPO
- Intel invested in Arm's IPO along with other major tech firms
- Investor appetite for chip IPOs has increased amid AI excitement
