Nasdaq staged a crypto capital war! Antalpha has 3.85 million shares to be issued, and Tether invested $25 million in advance

On May 6 (UTC+8), the capital market welcomed a blockbuster news: Antalpha Platform Holding Company, a digital asset management platform, officially knocked on the door of Nasdaq and launched its initial public offering (IPO) plan. The company plans to sell 3,850,000 common shares, with an issue price range of US$11-13 per share. A capital game around crypto finance has begun.

In order to flexibly respond to market demand, Antalpha gives underwriters a special "weapon" - a 30-day over-allotment option, that is, if the market subscription is hot, the underwriter can purchase an additional 577,500 shares of common stock. At present, the company has submitted an application for listing to the Nasdaq Global Market, and the stock will be listed under the code "ANTA" in the future. However, the F-1 registration statement related to this issuance has just been submitted to the U.S. Securities and Exchange Commission and has not yet passed the review, which means that before it takes effect, the stock trading still needs to wait for the "green light".

It is worth noting that this IPO has not yet officially landed, but it has already won a large order. Bloomberg quoted regulatory documents to disclose that Tether International has taken the lead in throwing out an olive branch and plans to spend $25 million to subscribe for shares. If the issuance goes smoothly, Antalpha's market value is expected to soar to $300 million, and Roth Capital Partners and Compass Point will serve as the "operators" of this capital operation and lead the entire transaction.

Antalpha's confidence comes from its unique position in the field of crypto finance. As Bitmain's core lending partner, the company has built a Bitcoin supply chain and margin lending system based on the Antalpha Prime technology platform. The platform provides customers with full-process digital services, from loan initiation and management to collateral position monitoring, which can achieve near-real-time data feedback. While ensuring the security of funds, it also provides innovative solutions for the liquidity management of crypto assets. As the IPO process progresses, the market is waiting to see whether Antalpha can continue to write the capital legend of crypto finance on Nasdaq.