Antalpha Platform Holding Company (ANTA) saw its stock soar by 17.27% in intraday trading on Wednesday, following the announcement of its initial public offering (IPO) pricing. The significant uptick in the stock price reflects investor enthusiasm for the newly public company and its growth prospects.

The company announced that it had priced its IPO at $12.80 per share, offering approximately 3.9 million shares to raise about $49.3 million in gross proceeds. Antalpha Platform has also granted underwriters a 30-day option to purchase an additional 577,500 shares, which could potentially increase the total proceeds to around $56.7 million if fully exercised.

Antalpha Platform stated that it plans to use the net proceeds from the IPO for general corporate purposes, including product development and global expansion. The company's shares are expected to begin trading on the Nasdaq Global Market under the symbol ANTA, with the offering scheduled to close on Thursday. This successful IPO launch and the subsequent stock price surge highlight the market's positive reception of Antalpha Platform's public debut and its future growth potential.