Astera Labs’ IPO pops 54%, showing that investor demand for tech with an AI-twist is high

March 20, 2024

Astera Labs started its life as a public company trading at $52.56 per share, up 46% when the bell rang. The company priced its IPO last night at $36 per share, above its raised price range. Astera’s debut marks the first material technology offering this year that TechCrunch is tracking. Reddit, the well-known social forum […]

© 2024 TechCrunch. All rights reserved. For personal use only.

Building a more reliable supply chain

March 20, 2024
In 2021, when a massive container ship became wedged in the Suez Canal, you could almost hear the collective sigh of frustration around the globe. It was a here-we-go-again moment in a year full of supply chain hiccups. Every minute the ship remained stuck represented about $6.7 million in paralyzed global trade. The 12 months…