Chipmaker Astera Labs prices its IPO at $36 per share, above its previous target range of $32-$34 per share, and seeks to raise ~$713M at a $5.5B valuation (Rishabh Jaiswal/Reuters)

Rishabh Jaiswal / Reuters:
Chipmaker Astera Labs prices its IPO at $36 per share, above its previous target range of $32-$34 per share, and seeks to raise ~$713M at a $5.5B valuation  —  Chip firm Astera Labs (IPO-ASTB.O) on Tuesday set the pricing of its initial public offering (IPO) of 19.8 million shares at $36 apiece, aiming to raise around $712.8 million.