BUZZ-Digital asset financing firm Antalpha set for Nasdaq debut after $49 million IPO

Reuters
05-14
BUZZ-Digital asset financing firm Antalpha set for Nasdaq debut after $49 million IPO

** Digital asset-focused financing firm Antalpha Platform ANTA.O set to begin trading on Nasdaq on Wednesday under the ticker symbol "ANTA"

** Singapore-based ANTA sold 3.85 million shares to raise $49.3 million at $12.80 apiece, within its marketed range of $11 and $13 apiece

** Stablecoin giant Tether had indicated interest in purchasing up to $25 million of shares in the offering

** Roth Capital Partners and Compass Point were the joint book-running managers for the offering

** ANTA provides financing to the bitcoin mining industry, offering loans secured by bitcoin and bitcoin mining machines

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))

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