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Astera Labs IPO will reveal how much investors want in on AI
While the technology world breathlessly awaits Reddit's public debut, another company you might never have heard of is about to go public: Astera Labs. Astera Labs' IPO will be a test of investor appetite for AI-related public offerings.
With 271 mentions of “AI” in its most recent SEC filing, the company is working hard to convince investors that it’s part of the larger artificial intelligence boom. Nick Einhorn, vice president of research at Renaissance Capital, a company that tracks the IPO market and offers public-offering focused ETFs, is a touch skeptical. If the company is able to attract a strong following after its first day of trading, it could wedge the IPO door open for other businesses seeing newfound growth as a by-product of AI.
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