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Antalpha Platform Holding has launched the roadshow for its upcoming initial public offering, planning to offer 3,850,000 ordinary shares at an expected price range of $11.00 to $13.00 per share.
IPO Filed With SEC
Antalpha Platform Holding has announced the commencement of the roadshow for its proposed initial public offering (IPO). The company, which is Bitmain’s primary lending partner, intends to offer 3,850,000 ordinary shares with an expected price range between $11.00 and $13.00 per share.
According to a statement, Antalpha could raise approximately $50.05 million before accounting for potential over-allotments and other expenses. It also expects to grant the underwriters, Roth Capital Partners and Compass Point, a 30-day option to purchase an additional 577,500 ordinary shares. This over-allotment option, if fully exercised, could bring the total potential proceeds of the IPO to roughly $57.5 million.
The fintech company has applied to list its ordinary shares on the Nasdaq Global Market under the ticker symbol ANTA. Roth Capital Partners and Compass Point are acting as the joint book-running managers for the proposed offering, spearheading the process of marketing the shares to potential investors.
Antalpha’s registration statement on Form F-1 related to this proposed securities offering has been filed with the U.S. Securities and Exchange Commission (SEC) but has not yet been declared effective. This means that the securities cannot currently be sold, nor can offers to buy them be accepted.
As per the statement, the IPO announcement is being made in accordance with Rule 134 under the Securities Act of 1933, as amended, and does not constitute an offer to sell or a solicitation of an offer to buy these securities. Furthermore, no sale of these securities will occur in any state or jurisdiction where such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of that specific state or jurisdiction.
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