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Etoro recently revealed that the initial public offer (IPO) on NASDAQ launches the Hi-Expert $ 52 per share.
Briefly
- IPO of Etoro on Nasdaq is the price for $ 52 per share, which is initial exceeding expectations of $ 46- 50
- The company offers $ 11.9 million shares, acquires around $ 310 million and appreciates Etoro to $ 4.2 billion.
- Mistens such as Goldman Sachs and Citigroup lead IPO with other shares to buy.
Etoro receives $ 310 million and appreciates the company at $ 4.2 billion
The trading and crypto trading platform revealed that IPO includes 11.9 million ordinary shares of class A. half of them or 5.96 million shares sell Etoro, while the remaining shares come from existing shareholders.
Shares will start trading on the global Nasdaq Global Select Today, May 14, with the symbol of Ticker “Ether” and May 15 was scheduled to close the offer, except.
There is also space for subscribers to buy even more shares -no more 1.79 million shares of class A -V for the next 30 days. The Company’s notification confirmed:
The shares are expected to trade on the global selection market NASDAQ 14. May 2025 under the symbol of the ticker “Ether”. The offer is expected to close on May 15, 2025, subject to the usual closure conditions.
When Etoro first set his IPO expectations, it was love for a price range of $ 46 to $ 50 per share. But now, with a price of $ 52, have exceeded these previous projections. The CNBC said Etoro received nearly $ 310 million from the sale of approximately $ 310 million, which provided the company award by approximately $ 4.2 billion.
Strong power 2024 increases IPO confidence, compete with Robinhood
In January, Etoro filed paperwork with the US government to prepare for IPO in New York. Then in March and the and the plans. In the public, Etoro will compete with companies like Robinhood, a business application that began selling shares in 2021. According to Google Finance, Robinhood shares grew by more than 62%.
According to the announcement, ETORO IPOs are led by large banks like Goldman Sachs, Jefferies, UBS and Citigroup. Other banks that helped with the process were Deutsche Bank, Bank of America, Cantor, Mizu and TD Securities. Other companies such as Rothschild and Moelis, as co -founders, also help.
This IPO monitors the launch of ETORO in the UK and Europe, which allows users to convert crypto, such as bitcoins and Ethereum into a Fiat currency. Users can transfer crypto from external wallets, transfer them to cash and either reinvest or withdraw directly via the platform.
Etoro showed strong financial performance, with a profit rising from $ 15 million in $ 2023 to $ 192 million in $ 2024. The company also noted that the modified EBITDA increased from $ 117 million to $ 304 million, which is 159% of incorporation.
Etoro also recorded a 41% net contribution and in 2024 it reached $ 787 million compared to $ 557 million in the previous year. In addition, its total commission increased by 46%, out of $ 639 million in $ 2023 to $ 931 million in 2024.
Financial and crypto companies monitor NASDAQ listings
Other companies in the financial space also follow the NASDAQ list. For example, Digital Bank Chime was filed to the public under Ticker “Chy.” Although the exact price of shares and the number of shares is still in the air, some experts predict that IPO of Chime can increase up to $ 1 billion.
Meanwhile, many crypto companies also reconsider their IPO plans. Kraken is postponed in public at the end of this year, while Bitgo launched a global table for digital assets (OTC) for digital assets in February and indicated an IPO along the road.
Circle, the USDC Stablecoin company, filed a SEC 1 April, but shortly afterwards it suspended its IPO plans. The decision followed the announcement of President Donald Trump of April 2, which shook global markets and made several companies to postpone their offers.
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IFOLOWA specializes in writing and marketing Web3, with more than 5 years of experience in creating bright and strategic content. In addition, it trades in crypt and is qualified in performing technical, basic and chains.
Renunciation
The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.