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Shares of the trade application Etoro Group increased by 29% after the cost of $ 52 more than expected. The effective debut of the ethoro, which seems to be a critical test of many market viewers in a fragile IPO climate, is a promising sign for other companies planning to go to the public in the coming months
Earlier Wednesday, Etoro’s shares were opened at $ 69.69, and then 43% increase of 43% increase from the list price – before returning some earnings. 98.7 million fully diluted shares, Etoro, which is $ 67 on Wednesday, has increased by about 29%. This is becoming an assessment for ethoro of $ 6.6 billion.
Etoro Tuesday late enlarged After increasing the size of the transaction, $ 620 million was estimated at $ 220, which is above the expected range. The trading platform has ended selling Each $ 52 $ 11.92 million stock Pre-plans To $ 46-50 to offer a $ 10 million stock.
Founded in 2007, Etoro offers a platform to trade Crypto, including Crypto-based Crypto-based crypto-based trading platform.
A good performance of Etoro can help open the door to the IPO market, which has been mainly inactive since 2021. Many of a record of 397 companies that year, many of the company IPO Prevo Pre-IPO reported previous research and IPO-careful ETFs, most of the market.
On the first day of the ethoro, other high-level companies come to the public because they are trying to go to the public. Tuesday late openly presented For a long-awaited IPO, but did not set the condition. Plans to find chime list Half Under the ticker chym.
In 2024, Chime was harmless. In 2023, 2023 in 2023, 203.2 million reached $ 2023 to $ 25.3 million. However, Chime in the quarter ended with a quarterfly until March 31, $ 12.9 million, 2024 with a net income in 2024.
Circle has internet, crypto openly presented In April to his iPo. The circle has not yet made a condition for the agreement.
This story was first displayed Fortune.com
