eToro’s $620M IPO: Get Ready for the Nasdaq Sizzle! 💥

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Hold onto your wallets, folks! The trading platform eToro is about to make its grand entrance on the Nasdaq with a $620 million IPO raise. How’s that for making a splash? And guess what? They priced the shares higher than expected. Yep, you heard that right. The May 14 Nasdaq debut is coming in hot! 🔥

According to a press release on May 13, eToro, along with its trusty band of shareholders, is selling a whopping 11.92 million shares at $52 each. That’s a lot more than the originally planned $46-$50 per share and a bump from the 10 million shares they thought about selling. With this move, eToro now has a valuation of about $4.3 billion. Or, if we want to get fancy and include all the diluted stuff, nearly $5 billion. It’s like they hit the jackpot… but they didn’t even have to spin a slot machine! 💸

And here’s a fun little twist: Funds managed by BlackRock are interested in buying up to $100 million worth of shares. Apparently, even the big guys are getting in on the action. It’s like a celebrity endorsement, but for stocks. 🤑

Let’s talk about eToro’s rocky road to IPO stardom. This isn’t their first rodeo. They were all set for a big splash last year, but then, *oops*, market uncertainty hit, thanks to some tariff-related confusion. And then, they tried a big SPAC deal in 2022—didn’t work out either. But hey, third time’s the charm, right? Now they’re finally breaking through, and it’s a big deal for this Israel-based firm. Woohoo! 🎉

Founded in 2007, eToro is a platform where you can trade stocks, crypto, and even copy other traders (because who doesn’t want to just *copy* someone’s success?). And get this: they posted a net income of $192 million for 2024, up from just $15.3 million the year before. Talk about a glow-up! 😎

Now, “: As part of a settlement with the SEC, eToro agreed to limit U.S. crypto trading to just Bitcoin (BTC), Bitcoin Cash (BCH), and Ethereum (ETH). Yep, no Dogecoin, no Shiba Inu—just the big guys. Sorry, meme lovers. 😜

Leading the charge for the IPO are Goldman Sachs, Jefferies, UBS, and Citigroup. These are the financial rockstars. They’ve even set aside 500,000 shares for a directed share program—because why not add a little extra excitement to the mix? But, wait—here’s a plot twist. Sanctions mean that SBT Venture Fund I, a Russian-affiliated group holding over 6% of Class A shares, won’t be able to get in on the action. Talk about a missed invite to the party! 🎈

The trading begins today, May 14, under the ticker ETOR on the Nasdaq Global Select Market. And let’s face it—if this IPO is any indication, fintech is back in business, baby! Especially for those firms juggling both traditional and digital assets. Stay tuned, because things are about to get real interesting! 😏

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2025-05-14 09:30