eToro, a popular platform for crypto and stock trading, has increased the size of its initial public offering (IPO) to $620 million by pricing its shares above the previously suggested range. The company announced that it sold over 11.92 million shares for $52 each, with trading set to commence on the Nasdaq Global Select Market on May 14 under the ticker symbol ETOR.

Initially targeting to raise $500 million by offering 10 million shares priced between $46 to $50 each, eToro's share offering will continue until at least May 15. The IPO consists of more than 5.9 million shares sold by eToro itself and an additional 5.9 million shares sold by existing shareholders.

Based in Israel, eToro will enter the public markets as a competitor to Robinhood Markets Inc. (HOOD), which went public in July 2021. Robinhood's shares have seen a remarkable increase of over 67% year-to-date, closing at $62 per share on May 13, nearing its all-time high of $65 in February.

eToro had initially submitted confidential filings with the SEC for a public offering in January before publicly announcing the plans on March 24. Alongside eToro, digital banking fintech firm Chime has also applied to list its stock on the Nasdaq under the ticker symbol CHY. While the specifics of Chime's IPO, including the number of shares and price range, are yet to be determined, investment advisory firm Renaissance Capital speculated in a note that Chime's IPO could raise up to $1 billion.

Several other crypto companies are contemplating going public. Kraken, a prominent crypto exchange, is reportedly considering a public offering this year. Circle, a stablecoin issuer, filed with the SEC on April 1 but paused its plans following global market disruptions caused by tariff announcements in early April. BitGo, a crypto custody services firm, recently launched a global over-the-counter trading desk for digital assets and is gearing up for a potential IPO later this year.

In 2025, Bitwise predicted that at least five crypto unicorns would go public, including Circle, Kraken, Figure, Anchorage Digital, and Chainalysis. Coinbase became the first major crypto firm to go public in the US in 2021, listing its shares on the Nasdaq.

The evolving landscape of crypto companies entering the public markets reflects the increasing mainstream acceptance and adoption of digital assets in

Source: https://cointelegraph.com/news/etoro-prices-ipo-above-range-52-share-raise-620-million?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound