Stock site and krypto -trading price IPO for $ 52 per share

Etoro, a stock brokerage platform that extends in CRYPTO, at the price of IPO $ 52 per share when the company is preparing to check the market appetite for new offers.

The company based in Israel has raised nearly $ 310 million, selling nearly $ 6 million in an agreement that estimates the business of about $ 4.2 billion. Campaign plan Sell ​​shares at $ 46 to $ 50 each. Almost 6 million shares are sold by existing investors.

IPO looked ready to rebound when President Donald Trump He returned to the White House in January after a long drought caused by interest rates and inflation. Coreweave’s In March, the debut became a welcome sign for the IPA such as Etoro, the StubHub, an internet and resellers.

But the tariff uncertainty temporarily slapped These plans. Retail trading platform served for an en Initial public offer in MarchBut restrained plans as a rise in tariff uncertainty knocked out markets. Klarna and Stubhub did the same.

The NASDAQ Etoro debut, under the Ticker etor symbol, can show whether the public market is ready to risk. Company digital physiotherapy Make health On Tuesday, he started his IPO Roadshow and said he plans to raise up to $ 437 million in the future proposal. Also on Tuesday Fintech Company Chime filed your avenue With sec.

Another trading app, WindCombined with a Special Purpose Company In April.

Founded in 2007. The brothers Yoni and Ron Hosea together with David Ring, etoro compete with similar Marvelous And he earns money through trade -related fees, including the distribution of orders, as well as not trade activities such as the currency removal and transformation.

The net profit last year jumped almost thirteen times up to $ 192.4 million since $ 15.3 million a year earlier. The company increases its crypto business, profit from cryptoasts more than three times to more than $ 12 million in 2024. Last year, a quarter of a net trading deposit took place last year, compared to 10% in the previous year.

This is not the first attempt at Etoro to the public. In 2022 the company cut off plans To reach the market through merger with the acquisition company (SPAC) during a sharp decline in stock markets. The transaction would appreciate the company in more than $ 10 billion.

The CEO of Yoni Assia said CNBC earlier that Etoro is still committed to debut on the market, but “evaluating the right opportunities” as it set up relations with the exchanges, including NASDAQ.

“We are definitely looking at the public markets,” he said at the time. “I certainly see how we eventually become a public company.”

In his Avenue Etoro said that Black expressed interest in buying $ 100 million at the cost of IPO. The company said it plans to sell 5 million shares in the proposal, and existing investors and executives sell another 5 million.

Underers for the transaction include Goldman SachsJefferies and UBS.

– Ryan Brown and Jordan Nobe in CNBC made a report

See: Founder of Venture Capital Firm on the next wave of unicorn in the Persian Gulf