eToro prices IPO at $52 per share, raises over $600M

eToro—the Israel-based stock and cryptocurrency trading platform—priced its IPO at $52 per share, which is above its originally anticipated range of $46 to $50. The company raised approximately $620 million by offering nearly 11.92 million shares, giving it a valuation of about $4.2 billion. Founded in 2007 by brothers Yoni and Ronen Assia along with David Ring, eToro competes with the likes of Robinhood ( HOOD ). The shares are set to begin trading on the Nasdaq under the ticker symbol “ETOR”. More on eToro Group Ltd. eToro Group Files For U.S. IPO On Growth Volatility eToro IPO likely to price higher than marketed range – report eToro’s U.S. IPO sees strong demand, with order books oversubscribed ahead of pricing Financial information for eToro Group Ltd.

Source: Seeking Alpha