Cryptocurrency and stock trading platform eToro has unveiled details of its upcoming IPO in New York, with the goal of raising up to $500 million and achieving a $4 billion valuation. The offering includes 10 million shares of Class A common stock priced between $46 and $50 each. According to Monday's announcement, eToro will offer half of the offering, with the remaining 5 million shares held by existing shareholders.
The platform also allows underwriters to buy an additional 1.50 million shares within 30 days to cover any overallotment. Goldman Sachs, Jefferies, UBS Investment Bank and Citigroup led the underwriting, with additional support from Deutsche Bank Securities, Cantor and Bank of America Securities.
eToro targets $4 billion valuation and raises $500 million through IPO
2025-05-06 09:58:49
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