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eToro’s IPO Surpasses Expectations with $52 per Share, Set to Begin Trading on Nasdaq
eToro’s IPO Surpasses Expectations with $52 per Share, Set to Begin Trading on Nasdaq
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eToro’s initial public offering on the Nasdaq has defied expectations, pricing at $52 per share—above the projected $46-$50 range. The trading platform will raise approximately $310 million through the sale of 11.9 million Class A common shares, half of which are offered by the company itself. This MOVE values eToro at $4.2 billion, with Goldman Sachs and Citigroup leading the underwriting.
The strong debut reflects growing institutional confidence in retail trading platforms, particularly those bridging traditional equities and crypto assets. While no specific cryptocurrencies are mentioned in this offering, eToro’s dual-market positioning underscores the increasing convergence between conventional finance and digital assets.
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