Etoro, Wednesday, the main test for the IPO market will go to the public, commercial firm prices in $ 52 in $ 52

This week’s largest test of the IPO market This week will take place when the Retail Broker Etoro group opened for trading on Wednesday. Etoro increased the size of IPO, which is above expected price range in late Tuesday. Increased by $ 620 million selling Each $ 52 $ 11.92 million stock Pre-plans To $ 46-50 to offer a $ 10 million stock.

Etoro Shares Password for Trade Wednesday Half Under the ticker symbol. Etoro’s assessment in one share of $ 52 is $ 4.2 billion. Broncroc According to the file, it is interesting to get a share of up to $ 100 million in the class. Goldman Sachs, Jefferies, UBS Investment Bank and Citigroup are the underwriters of lead with bargaining.

Etoro spokesman refused to comment with reference to the Pacific period of IPO.

The list of Etoro, record 397 companies relate to the main time for the IPO market, which has been mainly inactive since 2021. However, this “grade 2021” this was a great market in a large market in a large market, which is only 17.4%, which is a provider of ETFs discussed in previous research and IPOs in IPO.

Although ethoro performs well, investors will not be enough to return to IPO, Matt Kennedy, a high-level IPO market strategy in the Renaissance. “The IPO market is not intended to change only with one or two deals. Several success and trade must be seen in the price and trade” said Kennedy Fortune. He focused HINGE HEALTHOther candidates as a digital health company and TV advertising software scheduled for next week’s trade MntnATECELIY QUALITY INSURANCE AND CRYDTO Turn over It was necessary to progress with their documents yet.

“Successful Etooro IPO would go a long way, but this summer we have to see a few more for a meaningful apple,” Kennedy said.

Who makes money in ethoro?

Etoro walked a bumpy on public capital markets. Trade firm was one of several companies attempt In 2021, it was united with a special setting company, but was never signed during the deal and Etoro ended in 2022 boot Operation. At the beginning of this year, along with other companies like Etoro, Klarna and StubHub, he set out to go to the public, but had to secure their deals on the break After President Donald Trump announced the “Freedom Day” tariffs, which led to a large market in a large market in April.

Founded in 2007, Etoro offers a platform to trade Crypto, including Crypto-based Crypto-based crypto-based trading platform.

Etoro reached $ 15.25 million in $ 15.25 million in net income for the year, which ended on December 31, December 31, in 2023.

In 2023, the total revenue rose to $ 12.6 billion in 2024 in 2024.

The 11.92 million stages offered in IPO, 5.96 million are incoming from Etoro itself, the rest will come from existing shareholders. Yoni Assassia, which has reduced a share of 549,635 classes and after proposing, including Yoni Assassia, Etoro’s CEO and co-founder. A share of $ 52 can make $ 28.6 million from sale. Ronen Assia, Yoni’s brother and ethoro co-founder, 254,901 shares, ie 13.2 million dollars, voting capacity, after iPo will fall to 3.42% after iPo.

Spark capital, enterprise firm brainy In 2012, the Etoro’s $ 15 million round, now has the largest share in Etoro. Spark offers 670,257 shares and can earn $ 34.85 million with IPO. After the presentation, its voting power is expected to fall to about 14%.

Jeffrey offers shares of the investor’s company from Tel Aviv, Israel and Andalusia SPV, and shares. (Kaplan, the Kaplan Hedge Foundation is the ex-coo, Appaloosa management. Andalusian can earn $ 32 million from selling 618,999 shares, and the voting power is expected to fall to 8.44%.

This story has been updated to include Etoro’s Price

This story was first displayed Fortune.com

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