Stablecoin Tether Anchors Antalpha IPO of Up to $50 Million

Antalpha Platform Holding Co. is seeking to raise as much as $50 million in a US initial public offering, and stablecoin issuer Tether International SA has indicated interest in buying up to $25 million worth, according to a regulatory filing Tuesday.

• Singapore-based provider of financing, technology and risk management to digital asset industry is offering 3.85 million shares for $11 to $13 each, filing with the US Securities and Exchange Commission shows
• At the top of the price range, IPO could give co. a market value of $300 million, according to Bloomberg calculations
• Roth Capital Partners and Compass Point are ...