eToro Prices IPO at $52 Per Share, Raises $620 Million for Nasdaq Listing
The post eToro Prices IPO at $52 Per Share, Raises $620 Million for Nasdaq Listing appeared on BitcoinEthereumNews.com. TLDR eToro priced its IPO at $52 per share, above the expected range of $46-$50 The company raised approximately $620 million by selling nearly 12 million shares, valuing it at about $4.2 billion Trading begins May 14 on Nasdaq under ticker symbol ETOR This is eToro’s second attempt at going public after scrapping SPAC plans in 2022 BlackRock expressed interest in buying $100 million in shares at the IPO price eToro, the Israel-based platform offering both crypto and stock trading services, has made its public market debut after pricing shares at $52 each for its initial public offering, exceeding its originally marketed range of $46 to $50 per share. The company raised approximately $620 million through the sale of nearly 12 million shares – about 6 million from the company itself and another 6 million from existing shareholders. The IPO values eToro at around $4.2 billion, a decrease from the $10 billion valuation it might have received in its canceled 2022 SPAC deal. The shares will begin trading on the Nasdaq Global Select Market on May 14 under the ticker symbol “ETOR.” The offering is expected to remain open until at least May 15, according to the company’s press release. Market Timing and Competition eToro’s market debut comes after a period of hesitation in the IPO market. The company initially filed confidentially with the SEC in January before publicly announcing plans in March. However, it temporarily shelved those plans as market uncertainty grew following President Trump’s tariff announcements in April. The platform will compete directly with Robinhood Markets Inc., which went public in July 2021. Robinhood’s shares have performed well in 2024, up over 67% year-to-date and nearing their all-time high of $65 per share. Founded in 2007 by brothers Yoni and Ronen Assia along with David Ring, eToro has…
The post eToro Prices IPO at $52 Per Share, Raises $620 Million for Nasdaq Listing appeared on BitcoinEthereumNews.com.
TLDR eToro priced its IPO at $52 per share, above the expected range of $46-$50 The company raised approximately $620 million by selling nearly 12 million shares, valuing it at about $4.2 billion Trading begins May 14 on Nasdaq under ticker symbol ETOR This is eToro’s second attempt at going public after scrapping SPAC plans in 2022 BlackRock expressed interest in buying $100 million in shares at the IPO price eToro, the Israel-based platform offering both crypto and stock trading services, has made its public market debut after pricing shares at $52 each for its initial public offering, exceeding its originally marketed range of $46 to $50 per share. The company raised approximately $620 million through the sale of nearly 12 million shares – about 6 million from the company itself and another 6 million from existing shareholders. The IPO values eToro at around $4.2 billion, a decrease from the $10 billion valuation it might have received in its canceled 2022 SPAC deal. The shares will begin trading on the Nasdaq Global Select Market on May 14 under the ticker symbol “ETOR.” The offering is expected to remain open until at least May 15, according to the company’s press release. Market Timing and Competition eToro’s market debut comes after a period of hesitation in the IPO market. The company initially filed confidentially with the SEC in January before publicly announcing plans in March. However, it temporarily shelved those plans as market uncertainty grew following President Trump’s tariff announcements in April. The platform will compete directly with Robinhood Markets Inc., which went public in July 2021. Robinhood’s shares have performed well in 2024, up over 67% year-to-date and nearing their all-time high of $65 per share. Founded in 2007 by brothers Yoni and Ronen Assia along with David Ring, eToro has…
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