eToro Prices IPO at $52 Per Share, Raises $620 Million for Nasdaq Listing 💰
eToro announced its initial public offering (IPO) price at $52 per share, surpassing the expected range of $46 to $50. This strategic move enabled the company to raise approximately $620 million by selling nearly 12 million shares. Consequently, eToro's valuation now stands at about $4.2 billion.
This IPO marks eToro's second effort at going public following a previous plan involving a SPAC that was eventually scrapped. Trading is scheduled to begin on May 14 on the Nasdaq exchange under the ticker symbol ETOR.
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