Antalpha to Launch IPO, Raising $50 Million for Crypto Lending Expansion

Crypto finance firm Antalpha is set to go public on the Nasdaq with an IPO offering up to $50 million. Antalpha, a key partner for Bitcoin mining giant Bitmain, aims to expand its lending services and capitalize on the growing DeFi sector through this offering. The company’s IPO will involve selling 3.85 million shares priced between $11 and $13 per share, with an underwriter option to purchase additional shares. Antalpha expects its trading symbol on Nasdaq to be ANTA.