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eToro's stock rose 29% upon its Nasdaq launch.
EToro Officially Listed on Nasdaq
On May 15, the eToro trading platform was officially listed on the Nasdaq, with the stock ticker ETOR. Upon launch, eToro's stock surged by 29%, reaching $67 after expanding its IPO with an initial price of $52 per share. This event marks a significant milestone for eToro in the field of cryptocurrency and stock trading.
IPO Transaction Details
In the stock issuance, eToro issued approximately 11.9 million Class A common shares. About half of these shares were sold by eToro, with the remainder coming from existing shareholders. Leading banks such as Goldman Sachs, Jefferies, UBS Investment Bank, and Citigroup took on the lead role in underwriting the offering, along with Deutsche Bank Securities, Cantor, and BofA Securities.
Conclusion
This information is for market informational purposes only and does not constitute investment advice.
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