Etoro can set pricing for early public offerings (IPOs) at a much higher level than the range of sales, those familiar with the issue told Bloomberg.
The company had planned to offer 10 million shares for $46-50 each, based on previous filings, but according to the story, it received significantly more demand than the available shares.
The IPO is priced after the US market closed on Tuesday.
Like some others, the Israeli-based company suspended plans to list it on the Nasdaq Exchange in April amid a volatile market caused by US President Donald Trump’s trade policy. However, last week, Bloomberg reported that it was the first company to resume its public plans, moving forward with an IPO. Among other things, the IPO delays were the Stablecoin Issuer Circle, the Payments app Klarna and the ticketing platform Stubhub.
Etoro is valued at $4.5 billion, below the $10.4 billion they were sought when they first tried to make it public in 2021. It will be traded under the ticket “ETOR”.
