eToro prices IPO above range at $52 a share to raise $620M 💰
eToro, a crypto and stock trading platform, has raised $620 million through its initial public offering by setting its share price at $52—above the initially projected range. A total of over 11.92 million shares were sold, and the company is scheduled to start trading on the Nasdaq under the ticker ETOR on May 14.
Initially planning to raise $500 million, eToro increased the offering with both the company and existing shareholders selling shares. This move positions eToro as a rival to Robinhood Markets Inc., which went public in 2021 with a 67% increase in shares year-to-date.
Other crypto companies eyeing public listings include Kraken and BitGo, while digital banking firm Chime has also applied to list on Nasdaq. Stablecoin issuer Circle had paused IPO plans after market fluctuations caused by tariffs.
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