PANews reported on May 6 that according to Globenewswire, Antalpha announced that its road show for its proposed initial public offering of 3,850,000 shares of common stock has been launched, with an expected offering price between US$11 and US$13 per share. Antalpha plans to grant underwriters a 30-day option to purchase up to an additional 577,500 shares of common stock to cover possible over-allotments. The Form F-1 registration statement related to the proposed offering of shares has been submitted to the U.S. Securities and Exchange Commission but has not yet become effective. These securities may not be sold, nor may offers to purchase be accepted, before the registration statement becomes effective.
It is reported that as Bitmain's main lending partner, Antalpha provides Bitcoin supply chain and margin loans through the Antalpha Prime technology platform, which allows customers to initiate and manage their digital asset loans and monitor collateral positions through near real-time data.
