eToro Eyes $5B Valuation In Nasdaq IPO, Sets Price Range At $46–$50 Per Share
Trading platform eToro on Tuesday announced it is seeking a valuation of up to $5 billion in its initial public offering on the Nasdaq, as it launches the roadshow for a 10 million Class A share sale.
Shares will be priced between $46 and $50 and trade under the ticker ETOR, according to the company’s filing.
This estimate assumes a standard tech IPO float of roughly 10% of total shares.
Some analysts, using more conservative assumptions about the public float, estimate the valuation could land closer to $4 billion.
The final figure will depend on pricing and the number of shares outstanding once the offering is completed.
The offering includes 5 million new shares from eToro and 5 million from existing shareholders, with an additional 1.5 million shares available to …
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