Crypto fintech company Antalpha's U.S. stock market rose 70% on its first day of listing, triggering a circuit breaker

Antalpha Platform Holding Company ("Antalpha") today announced that its initial public offering (IPO) will be priced at $12.80 per common share and a total of 3,850,000 common shares will be issued. The company's common shares have been approved to list 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 close on May 15, 2025, subject to customary closing conditions.
It is reported that Antalpha is a crypto fintech company that focuses on providing liquidity and risk management solutions to institutional bitcoin miners. As Bitmain's primary lending partner, Antalpha provides supply chain lending and margin lending services through its Antalpha Prime technology platform, enabling clients to originate and manage digital asset loans while monitoring collateral positions with near real-time data.
According to market data, as of press time, Antalpha (ANTA) share price has risen to $22.2, an increase of 73.59% during the trading day, triggering a circuit breaker during the session.