Seeking Alpha: Astera Labs And Reddit Set To Debut As IPO Activity Remains Low For 2024

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Summary

Astera Labs, a semiconductor company that builds connectivity solutions to help with AI and Machine Learning workloads, is set to IPO on Wednesday, March 20.
Reddit will make its long-awaited public debut on Thursday, March 21. The debut offering will feature 22M shares, in a price range of $31-34.
Despite these two high-profile debuts, YTD has otherwise been light for IPOs which are still facing headwinds from higher interest rates making private companies hesitant to come to market.