Antalpha is about to go public on NASDAQ, with an IPO price of $12.80 and plans to raise nearly $50 million

According to GlobeNewswire, Antalpha, a cryptocurrency fintech company specializing in serving Bitcoin mining companies, announced the issuance of 3.85 million shares of common stock with the stock code "ANTA" at a price of $12.80 per share, which will be listed for trading on the NASDAQ Global Market today. This IPO is expected to raise approximately $49.3 million, with a maximum of $56.7 million after the over allotment exercise. The proceeds will be used for product development, global expansion, customer financing support, and investments in Bitcoin and digital gold.