PANews reported on May 15 that according to The Block, trading platform eToro went public on Nasdaq on Wednesday, with its stock price rising 29% after the company conducted an expanded initial public offering at a price of $52 per share. Yahoo Finance data showed that the company's stock code is ETOR, which closed at $67 and provides cryptocurrency and stock trading services.
eToro said on Tuesday that the offering included about 11.9 million Class A common shares, about half of which were sold by the company and the rest by existing shareholders. Goldman Sachs, Jefferies, UBS Investment Bank and Citigroup led the underwriting, with Deutsche Bank Securities, Cantor and BofA Securities also participating.
