This Year's Biggest Tech IPO Will Be In Dubai [Forbes]
Astera Labs, Inc. (ALAB)
Company Research
Source: Forbes
Food and grocery delivery company Talabat's $10.2 billion listing on Dubai's stock exchange is set to become this year's largest tech initial public offering (IPO). © 2024 Bloomberg Finance LP It's impossible to travel anywhere in Dubai, without seeing a delivery riders in Talabat's orange and yellow livery weaving their motorcycles through bumper-to-bumper traffic carrying food and grocery orders. They are an equally common sight across the United Arab Emirates and its Middle East neighbors, where they've helped the company build a $1.67 billion-a-year business serving up hot meals and cold snacks to locals and expats alike. That's set up Talabat (which means orders in Arabic) to be the unlikely steward of what is set to be this year's largest tech initial public offering. Talabat is expected to raise $1.5 billion from investors in a listing on Dubai's stock exchange which at the top end of the IPO book price of 44 cents per share would see the company valued at over $10.2 bil
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ALAB
News
- Astera Labs, Inc. (NASDAQ: ALAB) had its price target raised by analysts at Morgan Stanley from $94.00 to $142.00. They now have an "overweight" rating on the stock.MarketBeat
- Morgan Stanley Ups Targets for Broadcom, Astera Labs, and Marvell Amid AI Growth Surge [Yahoo! Finance]Yahoo! Finance
- Are Astera Labs, Inc. (NASDAQ:ALAB) Investors Paying Above The Intrinsic Value? [Yahoo! Finance]Yahoo! Finance
- Nasdaq tops NYSE in listings for 6th straight year as IPO optimism grows [Yahoo! Finance Canada]Yahoo! Finance Canada
- Nasdaq tops NYSE in listings for 6th straight year as IPO optimism grows [Yahoo! Finance]Yahoo! Finance
ALAB
Earnings
- 11/4/24 - Beat
ALAB
Sec Filings
- 12/20/24 - Form 8-K
- 12/13/24 - Form 4
- 12/6/24 - Form 4
- ALAB's page on the SEC website