ETORO has priced the first year (IPO), which is $ 52 per share, which exceeds the company’s expected scope from 46 to 50 dollars. The offer includes 11.92 million shared shares.
The shares were set for the first time on the Nasdaq Global Slect Market market on May 14 under the Ticker “Etor” icon.
It is expected that the public subscription will raise approximately $ 620 million, which leads to the evaluation of the platform for the shares and currency coded at about $ 4.2 billion.
Etoro was founded in 2007, and it established itself as a major player in retail investment, competing with platforms like Robinhood.
Public subscription revenues are expected to support the company’s continuous growth and technology.
In addition to the basic offer, insurance companies have been given a 30 -day option to purchase up to 1.79 million additional shares.
Goldman Sachs, Jeffrez, UBS Investment Bank, Citigroup as leaders manage books, work with a group of other banks, including Deutsche Bank, Bofa Securities and Mizuho, ​​participating in the deal.
The public subscription comes after a volatile period of technology lists, but the strong recognition of the brand of Etoro and its exposure to both shares and digital assets has attracted great attention to investors before it appears in the market.