WhiteFiber Raises $159.4M in NASDAQ IPO Debut

The successful IPO underscores WhiteFiber’s market entry as a publicly listed entity, potentially influencing capital allocation in AI and data center investments.

WhiteFiber’s successful NASDAQ IPO raised $159.4 million from offering 9,375,000 shares published at $17.00 each. The company specializes in high-performance computing data centers for AI workloads. According to the WhiteFiber, Inc. Official Statement, “WhiteFiber, Inc. … announced the pricing of its upsized initial public offering of 9,375,000 ordinary shares at a public offering price of $17.00 per share … The ordinary shares are expected to begin trading on The Nasdaq Capital Market on August 7, 2025 under the symbol ‘WYFI.’

The IPO was underwritten jointly by B. Riley Securities and Needham & Company, with Macquarie Capital as a book-runner. White & Case Advises WhiteFiber on Upsized IPO and Craig-Hallum and Clear Street co-managed the offering process.

WhiteFiber registered a market cap of $619 million at debut. The shares closed 4.6% lower on the first day, ending at $16.22, reflecting investor scrutiny.

No explicit links to major cryptocurrencies were identified from the IPO. Regulatory filings mention no digital assets associated with WhiteFiber’s market entry.

Potential outcomes from WhiteFiber’s IPO include increased investment in the AI sector. Historical comparisons are limited; no past similar IPOs were highlighted in official statements. WhiteFiber Announces Pricing and the regulatory impact remain minimal with no immediate policy changes expected.