Fintech Company Antalpha's Stock Soars 70% on US Market Debut, Triggers Circuit Breaker

BlockBeats News, May 14th, according to GlobeNewswire, Antalpha Platform Holding Company (hereinafter referred to as "Antalpha") today announced that its initial public offering (IPO) was priced at $12.80 per share of common stock, with a total of 3,850,000 shares of common stock issued. The company's common stock has been approved for listing on the Nasdaq Global Market and is expected to begin trading on May 14, 2025, under the stock symbol "ANTA." The offering is expected to be completed on May 15, 2025, subject to customary closing conditions.

Reportedly, Antalpha is a cryptocurrency fintech company focused on providing liquidity and risk management solutions to institutional Bitcoin miners. As a key lending partner of Bitmain, Antalpha offers supply chain financing and collateralized loans through its Antalpha Prime technology platform, allowing customers to initiate and manage digital asset loans while monitoring collateral positions in near real-time.

Market data indicates that as of the time of writing, Antalpha (ANTA) stock has risen to $22.20, representing a 73.59% intraday increase triggering a circuit breaker.