Advance Plans to Borrow Against $1.2 Billion Reddit Stake [Yahoo! Finance Canada]
Astera Labs, Inc. (ALAB)
Company Research
Source: Yahoo! Finance Canada
facility using an equity stake in the company, according to a person familiar with the matter. Most Read from Bloomberg Advance Magazine Publishers Inc., the arm of the Newhouse family publishing empire that owns Conde Nast, is offering 7.8 million shares for $145.38 to $148.54 each, which would be valued at as much as $1.2 billion, people familiar with the matter said. The range would represent a discount of as much as 8% to Reddit's closing price on Thursday of $158.02 each. Separately, Advance is buying derivatives on the shares, which will allow it to maintain its ownership stake while enabling it to create the credit facility, one of the people said. Reddit shares fell as much as 7.9% 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. A representative for Advance didn't immediately respond to requests for comment. The details of the block were first reporte
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- Dow Jones Futures: Stay Cool In Hot Market; Forget Nvidia, Meet The New AI Chip Leader [Yahoo! Finance]Yahoo! Finance
- Advance Magazine Said to Seek $1.2 Billion in Reddit Share Sale [Yahoo! Finance]Yahoo! Finance
- 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
ALAB
Earnings
- 11/4/24 - Beat
ALAB
Sec Filings
- 11/22/24 - Form 144
- 11/20/24 - Form 4
- 11/20/24 - Form 4
- ALAB's page on the SEC website