11 Best Performing IPOs in the Last 2 Years

7. Astera Labs, Inc. (NASDAQ:ALAB)

Date of the IPO: March 20, 2024

% growth since IPO: 230.41%

Astera Labs, Inc. (NASDAQ:ALAB) makes it on our list of 11 best performing IPOs in the last 2 years. The company’s top executives are cashing in on major stock sales amid the stock’s rising price target.

On August 5, 2025, Astera Labs, Inc. (NASDAQ:ALAB) reported an increase in its second-quarter revenue for 2025 by 150% compared to the same quarter the previous year, reaching $191.9 million. The growth was attributed to the strategic relationships with NVIDIA and Alchip Technologies that enhanced the company’s foothold in the AI market.

Following the positive second quarter, various top executives cashed in on their stocks. This includes significant sales of 100,000 shares for $19,118,421 by the company’s CFO, Michael Truett Tate, on August 14, 2025. Additionally, analysts have massively raised the stock’s price target. The most recent shift comes from Deutsche Bank which elevated the price target from $160 to $200, while maintaining the Buy rating in September 2025.

Since its IPO issue on March 20, 2024, the company’s value has increased significantly, achieving a growth of 230.41% to date and peaking its appeal among investors.

Headquartered in California, Astera Labs, Inc. (NASDAQ:ALAB) is a leading semiconductor company specializing in designing “intelligent connectivity” solutions. Founded in 2017, the company addresses performance bottlenecks in artificial intelligence and cloud computing infrastructure.