EToro’s IPO Pricing Set to Exceed Expectations Amid Strong Demand
EToro, the Israel-based crypto and stock trading platform, is likely to price its upcoming initial public offering (IPO) above the initially expected range, according to sources familiar with the matter, as reported by Bloomberg.
The company had previously planned to offer 10 million shares priced between $46 and $50 each, based on earlier filings. However, demand for the shares has significantly outpaced the supply, prompting expectations of a higher pricing.
The IPO is scheduled to price after the close of U.S. markets on Tuesday.
In April, EToro had paused its Nasdaq listing plans due to market instability, which was partly driven by uncertainties around U.S. President Donald Trump’s trade policies. However, last week, Bloomberg reported that the company had decided to move forward with the offering, making it the first company to resume its IPO plans after a series of delays. Other companies that had postponed their IPOs included stablecoin issuer Circle, payments platform Klarna, and ticket service StubHub.
EToro is aiming for a valuation of $4.5 billion, significantly lower than the $10.4 billion valuation it sought in 2021 during its initial attempt to go public. The company will trade under the ticker symbol “ETOR” once it is listed.
