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Investing.com -- Antalpha Platform Holding started trading today on the Nasdaq Capital Market under the ticker symbol "ANTA", with an initial public offering (IPO) price of $12.80 per ordinary share. The share price opened at $15.01, increasing the initial value.
Earlier today, Antalpha, announced the pricing of its IPO, offering 3,850,000 ordinary shares to the public. The company anticipates gross proceeds from the offering to be around US$49.3 million. This figure could rise to approximately US$56.7 million if the underwriters exercise their over-allotment option in full, before the deduction of underwriting discounts and offering expenses.
In connection with the offering, Antalpha has granted the underwriters a 30-day option to purchase an additional 577,500 ordinary shares to cover over-allotments. Roth Capital Partners (WA:CPAP) and Compass Point are serving as joint book-running managers for the offering.
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