Crypto and Trading Platform Etoro witnessed an increase in stock prices by approximately 30 % during its first appearance on the Nasdaq Stock Exchange after the company got a batch at the last minute to its first year offer.
The shares were traded at Etoro Group Ltd (ETOR) on May 14 at $ 67, an increase of 28.9 % of the initial offer price of $ 52, According to To Yahoo financing. It amounts to the company’s market value to more than $ 5.5 billion.
The price of his share started to $ 74.26 during the trading day before cooling, and it decreased slightly by 0.7 % after the bell to 66.53 dollars.
On the previous day, on May 13, EToro reinforced the public offering to $ 620 million after pricing its shares above its previously proposed scope ranged from 46 to 50 dollars each.
Initially, the company was aiming to raise $ 500 million by providing 10 million shares, but the company and its supporters sold more than 11.92 million shares in public subscription, divided equally between ITORO and some current shareholders.
In a file on May 5, Itouoro said to the Securities and Exchange Committee that some Blackrock -run funds and accounts have indicated that up to $ 100 million of shares in public subscription.
Robinhood Markets Inc. (Hood), a competition for ETORO, which was published in 2021 in 2021, that the stock price is 1.9 % to $ 61.39, with 1.63 % losses after an hour to 60.39 dollars, Yahoo Finance He appears.
In its organizational deposit, Etoro reached the total coding revenue 2024, from sources such as trading and withdrawal fees, amounting to $ 12.1 billion, an increase of $ 3.4 billion in 2023. It also expected Crypto to represent 37 % of its commission of trading activity in the first quarter of 2025, a decrease from 43 % in Q1 2024.
The offer was led by Goldman Sachs, Jeffrez, UBS and Citigroup investment bank.
The recovery of subscriptions, subscriptions after the customs tariff disorder
The first public appearance of Etoro represents a recovery of public offers in the United States after many companies have developed their plans as US President Donald Trump made comprehensive definitions of global markets.
Etoro presented secret files with the Supreme Education Council in January to obtain a general offer and publicly announced the plans on March 24, but delayed the public subscription after the “Tahrir Day” tariff plans in Trump, which put an end to many general offers at work.
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The Trade House was established in stocks and encryption in 2007, and it was previously presented to the public in 2021 through a merger with a acquisition company for the value of $ 10 billion.
She suspended this plan a year later, in 2022, after stock and encryption markets got tremendous success due to the Covid-19 pandemic and sticky inflation that caused high interest rates in central banks.
Crypto Exchange Kaken is thinking about its publication this year, as well as the Stableco Issueer, which submitted SEC on April 1, temporarily stopped its plan after a day because of the Trump tariff.
In December, the director of the Crypto Bitlise Fund predicted that, along with Kaken and Circle, the Crypto exchange character, Crypto Bank Anchorage Digital and Blockchain Analytics will also be shown this year.
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