Antalpha opens at $15.01, IPO priced at $12.80 per share

Antalpha (ANTA) Platform, which identifies itself as a crypto fintech company with “a dedicated focus on providing liquidity and risk management solutions to institutional Bitcoin (BTC) miners,” priced its initial public offering of 3.85M ordinary shares at a price to the public of $12.80 per ordinary share. Antalpha intends to use the net proceeds from the offering for general corporate purposes, which may include investment in product development, sales and marketing activities, technology infrastructure, capital expenditure, global expansion, and other general and administrative matters; loan operation and customer funding advance needs, to accelerate its fund flow and improve customer experience; investment in technologies, solutions or businesses that complement its business; and investment in Bitcoin and gold as part of its treasury management. Roth Capital Partners and Compass Point are joint book-running managers for the offering.