
EToro is poised to set its initial public offering (IPO) pricing significantly higher than the initial target range of $46 to $50 per share due to robust investor interest. The Israel-based trading platform is looking at a valuation of approximately $4.5 billion, a decrease from the $10.4 billion valuation it aimed for in 2021.
Key Points:
- EToro may price its IPO above the expected range according to sources close to the situation.
- The IPO is anticipated to be priced after the U.S. markets close on Tuesday, with trading commencing under the ticker “ETOR.”
- The company initially intended to offer 10 million shares but encountered higher-than-expected demand.
Earlier this year, the company had suspended its plans to list on Nasdaq amid market volatility resulting from U.S. trade policies, specifically under President Trump’s administration. However, it has since decided to continue with its IPO, marking a significant moment as it becomes the first firm to revive its public listing ambitions in this climate.