The encryption fintech company Antalpha's US stock market debut rose 70%, triggering a circuit breaker.

On May 14, according to GlobeNewswire, Antalpha Platform Holding Company (hereinafter referred to as “Antalpha”) announced today that its initial public offering (IPO) is priced at $12.80 per share of common stock, with a total issuance of 3,850,000 shares of common stock. 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 issuance is expected to complete on May 15, 2025, subject to customary delivery conditions. It is reported that Antalpha is a cryptocurrency 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 writing, Antalpha (ANTA) stock price has risen to $22.2, with an intraday increase of 73.59%, triggering a trading halt during the session.