Advance Magazine Said to Seek $1.2 Billion in Reddit Share Sale [Yahoo! Finance]
Astera Labs, Inc. (ALAB)
Company Research
Source: Yahoo! Finance
Most Read from Bloomberg Trump Promises Could Have Seismic Impact on Washington Economy Paris to Replace Parking Spaces With Trees Tokyo's Scorching Summers Focus Public Anger Against Tree Cutting NYC Mayor Adams Names Jessica Tisch to Lead Police Head Amid Probes New York's Transit Agency Approves $9 Congestion Toll Advance Magazine Publishers Inc., the arm of the Newhouse family publishing empire that owns Conde Nast, is offering the shares for $145.38 to $148.54 each, the people said. The range would represent a discount of as much as 8% to Reddit's closing price on Thursday of $158.02 each. Reddit shares fell as much as 6.7% in the aftermarket on Thursday, after having climbed 16% during the regular trading day. Details could change and no final decisions have been made, the people said. Representatives for Advance and Reddit didn't immediately respond to requests for comment. The details of the block were first reported on X by The Inner Circle Trading Group. T
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ALAB
News
- Advance Plans to Borrow Against $1.2 Billion Reddit Stake [Yahoo! Finance Canada]Yahoo! Finance Canada
- Yahoo Finance [Yahoo! Finance]Yahoo! Finance
- Astera Labs: Connectivity Platform In AI World; Initiate With 'Buy' [Seeking Alpha]Seeking Alpha
- Astera Labs, Inc. (NASDAQ: ALAB) is now covered by analysts at Citigroup Inc.. They set a "buy" rating and a $120.00 price target on the stock.MarketBeat
- Digging Into The Ultra Accelerator Link Consortium [Forbes]Forbes
ALAB
Earnings
- 11/4/24 - Beat
ALAB
Sec Filings
- 11/20/24 - Form 4
- 11/20/24 - Form 4
- 11/20/24 - Form 4
- ALAB's page on the SEC website