{"id":157010,"date":"2025-05-14T17:00:28","date_gmt":"2025-05-14T14:00:28","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=157010"},"modified":"2025-05-14T13:45:26","modified_gmt":"2025-05-14T10:45:26","slug":"etoro-upsizes-ipo-to-620m-ahead-of-nasdaq-debut-takes-aim-at-robinhood","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/etoro-upsizes-ipo-to-620m-ahead-of-nasdaq-debut-takes-aim-at-robinhood\/","title":{"rendered":"eToro Upsizes IPO to $620M Ahead of Nasdaq Debut, Takes Aim at Robinhood"},"content":{"rendered":"
The move comes just ahead of its stock market debut, scheduled for May 14 on the Nasdaq Global Select Market under the ticker ETOR.<\/p>\n
In total, more than 11.9 million shares were sold at $52 apiece \u2014 well above the earlier price range of $46 to $50. The offering includes a nearly even split between shares offloaded by eToro itself and those sold by existing investors, and it will remain open through May 15.<\/p>\n
eToro\u2019s IPO was initially aiming for a $500 million raise with 10 million shares, but investor demand led to the boost. The Israel-based company is positioning itself as a competitor to Robinhood, which went public in 2021 and has seen its stock rally over 67% this year alone. On May 13, Robinhood shares closed at $62, approaching its all-time high of $65 set in February.<\/p>\n