EToro IPO Pricing Expected to Exceed Initial Range Amid High Demand
EToro, the Israel-based crypto and stock trading platform, is likely to price its initial public offering (IPO) above the originally anticipated range due to overwhelming investor demand, sources familiar with the situation told Bloomberg.
The company had initially planned to offer 10 million shares priced between $46 and $50 each, according to a previous filing. However, demand for the shares has been significantly higher than expected, suggesting a potential price increase.
The IPO is scheduled to price after the close of U.S. markets on Tuesday.
EToro had delayed its plans to list on the Nasdaq in April, citing market uncertainty linked to trade policies under U.S. President Donald Trump. However, Bloomberg reported last week that the company decided to move forward with its IPO, becoming the first company to resume public offering plans. Other companies, including Circle (the stablecoin issuer), Klarna (a payments app), and StubHub (a ticketing platform), had postponed their IPOs amid the market instability.
EToro is aiming for a $4.5 billion valuation, which is a significant decrease from the $10.4 billion valuation it sought in 2021 when it initially attempted to go public. Upon listing, the company will trade under the ticker symbol “ETOR.”
