Microsoft-backed Rubrik looking to raise $713 million in latest tech IPO [Fortune]
Astera Labs, Inc. (ALAB)
Company Research
Source: Fortune
Along with Astera Labs and Reddit , Rubrik is one of the major tech firms many investors have been hoping would IPO this year, ending a two-year drought of public offerings. Additionally, Rubrik is a traditional SaaS company and will serve as a better comparison for other tech companies evaluating whether to go public in 2024, explained Phil Haslett, cofounder and chief strategy officer for EquityZen, a secondary marketplace for companies in the private market. Because Rubrik has positive financial indicators—$784 million in revenue and 40% growth in positive cash flow—Haslett noted, if its IPO doesn't do well it could create a chilling effect. “If this IPO happened like four or five years ago, people would be talking about how Rubrik was a really big company from a revenue perspective and a success story,” added Haslett, who asked whether the standards for going public have changed significantly. “Because if so, then we have to kind of take a look at who's really eligible to be
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ALAB
News
- Astera Labs, Inc. Common Stock (NASDAQ:ALAB) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Astera Labs, Inc. (NASDAQ: ALAB) had its "buy" rating re-affirmed by analysts at Needham & Company LLC. They now have a $85.00 price target on the stock.MarketBeat
- Profiter de l’essor de l’IA grâce aux FNB sur l’IA [Finance et Investissement (Montreal) (French)]Finance et Investissement
- Astera Labs Announces Financial Results for the First Quarter of Fiscal Year 2024 [Yahoo! Finance]Yahoo! Finance
- Astera Labs Announces Financial Results for the First Quarter of Fiscal Year 2024Business Wire
ALAB
Earnings
- 5/7/24 - Beat
ALAB
Sec Filings
- 5/9/24 - Form S-8
- 5/8/24 - Form 10-Q
- 5/7/24 - Form 8-K
- ALAB's page on the SEC website