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

Mars Finance News: According to GlobeNewswire, Antalpha Platform Holding Company today announced its initial public offering (IPO) pricing at $12.80 per ordinary share, with a total of 3,850,000 ordinary shares issued. The company's ordinary shares have been approved for listing on the Nasdaq Global Market, expected to begin trading on May 14, 2025, under the ticker symbol "ANTA". The offering is expected to be completed on May 15, 2025, subject to customary closing conditions. Antalpha is reportedly a crypto financial technology company focused on providing liquidity and risk management solutions for institutional Bit miners. As the main lending partner of Bitmain, Antalpha offers supply chain loans and margin loans through its Antalpha Prime technology platform, enabling customers to initiate and manage digital asset loans while monitoring collateral positions in near real-time. 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 circuit breaker.