Crypto financial technology company Antalpha's U.S. stocks surged 70% on its first day of listing, triggering a circuit breaker
According to online reports, Antalpha Platform Holding Company (hereinafter referred to as "Antalpha") today announced that its initial public offering (IPO) is priced at US$12.80 per ordinary share, with a total of 3,850,000 ordinary shares issued. The company's common shares have been approved to be listed on the NASDAQ Global Market and are expected to begin trading on May 14, 2025 under the ticker symbol "ANTA". The offering is expected to complete on May 15, 2025, subject to customary delivery conditions. It is reported that Antalpha is a crypto-financial technology company focused on providing liquidity and risk management solutions to institutional Bitcoin miners. As Bitmain's main lending partner, Antalpha provides supply chain lending and margin lending services through its Antalpha Prime technology platform, allowing customers to initiate and manage digital asset loans while monitoring collateral positions through near real-time data. According to market data, as of press time, Antalpha (ANTA)'s share price had risen to US$22.2, an increase of 73.59% during the trading day, triggering a circuit breaker during the session.
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