Prices and encryption trading site etoro public subscription at $ 52 per share

ETORO, which is the stock platform that has escalated in Crypto, has priced the subscription subscriptions at a price of $ 52 per share, as the company is preparing to test the market appetite for new offers.

The Israel -based company raised nearly $ 310 million, as it was selling nearly 6 million shares in a deal that was estimated at 4.2 billion dollars. Company I have planned Selling shares from 46 to 50 dollars each. Nearly 6 million shares are sold by current investors.

The subscriptions seemed to be ready for when President Donald Trump He returned to the White House in January, after a lengthy stimulated drought due to high interest rates and inflationary concerns. Coreave’s The appearance of Mars for the first time was a welcoming sign of members of public subscriptions such as Etoro, online Prender Klarna and Ticket Reseller Stubbhub.

But temporary uncertainty to stop Those plans. Retail platform foot to The first public offering in MarchBut the shelves are planned as the induction uncertainty increased in the markets. Clarna and Stubhub did the same.

Etoro’s nasdaq, under the Ticker Etor icon, may indicate whether the public market is ready for risks. Digital Physiotherapy Company The health detailed She started its offer by public subscription, and said in a file on Tuesday that she plans to raise up to 437 million dollars in its upcoming offers. Also on Tuesday, Fintech is harmonious Introduced the release bulletin With a second.

Another commercial application, WebullIt was combined with a private acquisition company In April.

Founded in 2007 by the two brothers, Uni and Ronin Asia with David Ring, Itoro is competing with proverbs Robinhood It earns money through trading fees, including spreading on purchase and sale orders, and non -circulating activities such as withdrawals and currency conversion.

Nearly thirteen times the net income jumped last year to 192.4 million dollars from $ 15.3 million in the previous year. The company increased its encryption work, as revenues from Cryptoassets were more than three times to more than 12 million dollars in 2024. A quarter of the net trading contribution last year came from Crypto, an increase of 10 % in the previous year.

This is not Itoro’s first attempt for the audience. In 2022, the company canceled Plan To strike the market through a combination with a special purpose acquisition company (SPAC) during the acute stagnation period in stock markets. The deal had valued the company at more than 10 billion dollars.

CNC’s CEO, Unbc, told CNBC at early last year that Itoro was still aiming at the emergence of the market, but “evaluating the appropriate opportunity” as it was building relationships with exchanges, including the Nasdaq Stock Exchange.

He said at that time: “We definitely look forward to public markets.” “Certainly I see that we eventually become a public company.”

Etooro said in the bulletin newsletter Blackrock He expressed interest in buying $ 100 million in shares at the public subscription price. The company said it is planning to sell 5 million shares in the offer, as current investors and executives sell 5 million shares.

Includes insurance companies for the deal Goldman SachsJeffrez and Ops.

Ryan Brown, from CNBC and Jordan, contributed to reporting to report

He watches: Founder of the Investment Capital Company in the next wave of the Gulf alone