Crypto and Trading Platform Etoro IPO pricing look strong: Bloomberg

Etoro can put prices on its initial general offer (IPO) at a much higher level than the marketed range, the people familiar with the matter said. Bloomberg.

The company planned to provide 10 million shares for 46 to 50 dollars each, based on a Previous depositBut he received a much larger request than the available shares, according to the story.

The public subscription was appointed to the price after the American market was prescribed on Tuesday.

As with others, the Israel -based company has stopped its plans to include it on the Nasdaq Stock Exchange in April amid fragile markets resulting from US President Donald Trump’s policies. However, Bloomberg stated that Bloomberg is going with the public subscription, becoming the first company to resume public plans. Among others delaying subscriptions, subscription subscriptions in the Source Source circuit, the Klarna payment application and the Stumbhub ticket platform.

ETORO is looking to obtain an evaluation of $ 4.5 billion, which is less than $ 10.4 billion, which I requested in 2021 when I first tried to offer publicly. It will be traded under the “etor” ticket.