Etoro, the global trading and investment platform, has officially launched the road to the initial public offering (Public subscription)And announce its intention to the list on Nasdaq Global Select Market With the symbol “etor“The process involves selling 10 million ordinary shares of category (A)Half will be submitted directly by the company and the other half by some current shareholders.
in detail, 5 million shares It will be presented by Etoro Group LtdWhile the remaining five million will be placed on the market by Current shareholders From the company. In addition, Etoro announced that it would give subscribers a 30 days An additional purchase option 1.5 million sharesIf it becomes necessary to cover any Excessive evaluation.
The expected price per share decreases between 46 and 50 dollarsWhich can lead the total evaluation of the offers to overcome 500 million dollarsDepending on the final price and possible exercise of the additional option.
List on the Nasdaq Stock Exchange with “ETOR” icon
Etoro has submitted a request to include its regular A.D.’s regular shares in the Nasdaq Global Select market, one of the most prestigious platforms for technological companies and financial companies. The chosen code will be “etor”, which is a clear indication of the brand name.
The company also submitted to the Securities and Stock Exchange Committee (SEC) Form registration statement F-1And that has not become effective yet. Therefore, until the registration becomes effective, it will not be possible to sell or purchase shares.
Operation heroes: financing giants along with Itoro
ETORO’s general subscription is supported by a group of major financial institutions. like Books leadership managersIncluding:
- Goldman Sachs & Co. LLC
- Jeffrez
- UBS Investment Bank
- Citigroup
Add to these other managers who run books such as:
- Deutsche Stock Bank
- Bofa Securities
- Cantor
- Capital capital markets
- KEEFE, Bruyette & Woods (From Stifel Group)
- Mezoho
- TD Securities
Finally, in the role CoachAnd participate in the following:
- Genetic Canaccord
- MELIS & Company
- Nidham and Partners
- Rothschilds and Partners
- Susquehanna Financial Group Llp
This wide participation of financial players confirms the market’s interest and confidence in EToro’s business model and growth in the future.
Organized offer: Only through the version of the version
As required by American regulations, the offer will be made Exclusively through the release bulletinAvailable on SEC website Or it can be requested directly from the relevant financial institutions. Among the listed contacts to obtain a copy of Preliminary It is Goldman Sachs, Jeffrez, UBS, and Citigroup, with custom email addresses and phone numbers.
It is important to emphasize that even the final approval by the Supreme Education Council, The sale or purchase of shares cannot be madeAnd it will not be possible to accept purchase offers. The entire process remains subject to market conditions and the completion of the review process by the supervisory authority.
Etoro Form and Vision: Investing together, in a simple and transparent way
Founded at 2007Etoro created itself as one of the most innovative Trading and investment Platforms worldwide. The company was created with the aim of making the world of investments It can be accessed, simple and transparent For everyone, promoting philosophy on the basis Exchanging.
Through its platform, Etoro allows users to follow the following:
- Investing in traditional and innovative assets
- Work directly on the markets
- Create dedicated portfolios
- Copy other expert investors strategies
This combination of tools led to the emergence CooperativeWhere users can Learn and exchange experiences and growth together In the world of investments. The Etoro model relies on the idea that together can lead to better results compared to individual operation.
A strategic step towards global growth
The decision to proceed with the public subscription is represented Decisive For the future etoro. The stock market list will not only provide a new capital to support the company’s expansion, but it will also increase Vision and credibility From the brand at the international level.
With millions of users around the world and a platform that combines Technology, financing and social investmentEtoro puts itself as one of the main players in the world scene. Entry to Nasdak can increase the unification of this situation, which paves the way for new opportunities for growth and innovation.
Conclusion: For the first time the markets are waiting for it
The announcement of the public subscription EToro is an important moment for the Fintech sector. With a possible assessment of more than $ 500 million, a network of prominent financial partners, and a platform that revolutionized the method of investment, etoro is preparing for its official introduction to public markets.
Investors and industry monitors are now waiting impatiently for the road width and the determination of the final offer, which can represent one of the most interesting year of the year in the technological financial sector.
