Digital asset financing firm Antalpha soars in Nasdaq debut after $49 million IPO

Antalpha Platform Holding Co

14/05/2025 17:25

Updates

** Digital asset-focused financing firm Antalpha Platform's ANTA.O shares jump as much as 95.3% in their Nasdaq debut on Wednesday; last up 79.7% at $23

** Stock opened for trading at $15.01 vs $12.80 IPO price, valuing the firm at $346.7 million

** Singapore-based ANTA sold 3.85 million shares to raise $49.3 million at $12.80 apiece, within its marketed range of $11 and $13 apiece

** Stablecoin giant Tether had indicated interest in purchasing up to $25 million of shares in the offering

** Roth Capital Partners and Compass Point were the joint book-running managers for the offering

** ANTA provides financing to the bitcoin mining industry, offering loans secured by bitcoin and bitcoin mining machines

 (Reporting by Arasu Kannagi Basil in Bengaluru)

 ((ArasuKannagi.Basil@thomsonreuters.com;))