The eToro platform is valued at $4.3 billion. The stock placement will be at $52.

robot
Abstract generation in progress

The eToro platform is valued at $4.3 billion. The stock placement will take place at $52.

The price of the shares of the trading platform eToro was $52, which is above the initial IPO range of $46-50 and reflects increased demand. Bloomberg reports this.

The total amount of raised funds was $620 million, the capitalization was $4.3 billion (FDV taking into account options and restricted securities rights — $5 billion).

Half of the proposed 11.9 million ordinary Class A shares will be sold by the platform itself, and the other half by existing owners.

The debut of the securities under the ticker ETOR on the Nasdaq exchange will take place on May 14.

eToro filed for an IPO in March of this year.

In 2021, eToro announced its entry into the stock market through a merger with FinTech Acquisition Corp. V. The preliminary valuation was approximately $10.4 billion.

The deal was postponed to the end of June 2022 due to the lack of approval from the SEC. In July, the platform suspended the process.

Let us remind you that in April, Circle postponed its IPO amid a correction following the announcement of “liberation tariffs” by U.S. President Donald Trump.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)