Etoro Prices Upsized IPO at $52 Per Share, Set to Begin Trading on Nasdaq

Etoro announced the pricing of its upsized initial public offering (IPO) of 11,923,018 Class A common shares at a public offering price of $52.00 per share. The IPO is expected to raise approximately $620 million, reflecting a strong market interest in Etoro’s digital asset trading services. The shares are expected to begin trading on the Nasdaq Global Select Market on May 14, under the ticker symbol “ETOR,” with the offering anticipated to close on May 15. Goldman Sachs, Jefferies, UBS, and Citigroup are serving as lead book-running managers for the offering. A registration statement for the securities has been declared effective by the Securities and Exchange Commission (SEC) as of May 13.