Astera Labs closes IPO; 22.77M shares at $36; company raised ~$711M

Astera Labs, Inc.

IPO completed March 22, 2024: 22,770,000 shares sold at $36.00 per share.
Company sold 19,758,903 shares (including over-allotment), raising ~$711.3M before expenses.
Selling stockholders sold 3,011,097 shares; company received no proceeds from those.
All outstanding preferred stock (90,890,650 shares) converted into common on a 1:1 basis pre-IPO.

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