EToro Prices IPO Shares 20% Above Initial Range

EToro, a prominent crypto and stock trading platform, is poised to set a strong pricing for its initial public offering (IPO). According to sources familiar with the matter, the company could price its shares significantly higher than the initially marketed range of $46 to $50 per share. This surge in demand has outpaced the availability of shares, with the company planning to offer 10 million shares.

The IPO is scheduled to be priced after the U.S. market close on Tuesday. This development comes after EToro paused its plans to list on the Nasdaq exchange in April due to market volatility stemming from trade policies. However, the company has since resumed its IPO plans, becoming one of the first firms to do so amidst a challenging market environment. Other companies that had delayed their IPOs include stablecoin issuer Circle, payments app Klarna, and ticket platform StubHub.

EToro is aiming for a valuation of $4.5 billion, which is notably lower than the $10.4 billion valuation it sought in 2021 when it first attempted to go public. The company will trade under the ticker symbol “ETOR”.