Astera this week announced in a public filing that it's public debut would be bigger than it initially planned... Astera expects to raise $517.6 million at the middle of its raised range... IPO watchers expect it to debut this week.
Because AI requires massive amounts of data moving into, out of and around data centers, Astera has seen recent its revenues bloom. After generating $79.9 million in 2022, revenue swelled 45% in 2023 to $115.8 million.
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