eToro prices IPO above range at $52 a share to raise $620M

Crypto and stock trading platform eToro has boosted the size of its initial public offering to $620 million by pricing its shares above its previously suggested range. The platform and its backers sold over 11. 92 million shares for $52 each, which are slated to start trading on the Nasdaq Global Select Market on May 14 under the ticker symbol ETOR, eToro said in a May 13 press release. Initially, the firm aimed to raise $500 million by offering 10 million shares priced between $46 to $50 each source: https://cointelegraph.com/news/etoro-prices-ipo-above-range-52-share-raise-620-million?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound