Cryptocurrency Fintech Company Antalpha Surges 70% on First Day of U.S. Stock Market Listing, Triggering Circuit Breaker

According to GlobeNewswire, Antalpha Platform Holding Company announced today that its initial public offering (IPO) is priced at $12.80 per share of common stock, with a total of 3,850,000 shares of common stock being 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 ticker symbol "ANTA." The offering is expected to close on May 15, 2025, subject to customary closing conditions. Antalpha is known as a crypto fintech company focused on providing liquidity and risk management solutions for institutional Bitcoin miners. As a major lending partner of Bitmain, Antalpha offers supply chain loans and margin loan services through its Antalpha Prime technology platform, enabling clients to initiate and manage digital asset loans while monitoring collateral positions with near real-time data. According to market data, as of the time of publication, Antalpha (ANTA) stock price has risen to $22.2, with an intraday increase of 73.59%, triggering a circuit breaker.