Microsoft-backed Rubrik prices IPO above range at $32 per share, source says [Reuters]
Astera Labs, Inc. (ALAB)
Company Research
Source: Reuters
NEW YORK, April 24 (Reuters) - Rubrik , the cybersecurity software startup that counts Microsoft among its investors, priced its initial public offering at $32 per share on Wednesday above its indicated price range, according to a person familiar with the matter. Rubrik upsized its IPO to raise $752 million after selling 23.5 million shares, the source said, requesting anonymity as the discussions are confidential. It infers a valuation of $5.6 billion on Palo Alto, California-based Rubrik. Rubrik did not immediately respond to a request for comment. Rubrik's plans to go public come as the U.S. IPO market is showing early signs of a rebound after stock market launches froze up during most of 2022 and 2023. Following the successful stock market flotations of social media platform Reddit and semiconductor connectivity firm Astera Labs , several companies including Cato Networks and Synechron have kicked off preparations to go public. Founded in 2014 by venture capitalist Bipu
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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