eToro prices IPO above range at $52 a share to raise $620M
The Israel-based eToro has boosted its public offering to $620 million after pricing its shares at $52, above its marketed range.
Crypto and stock trading platform eToro has boosted the size of its initial public offering to $620 million by pricing its shares above its previously suggested range.
The platform and its backers sold over 11.92 million shares for $52 each, which are slated to start trading on the Nasdaq Global Select Market on May 14 under the ticker symbol ETOR, eToro said in a May 13 press release.
Initially, the firm aimed to raise $500 million by offering 10 million shares priced between $46 to $50 each.
