Etoro, the global trading and investment platform, has officially launched its roadshow for the initial public offer (IPO)announcing his intention to list on the Nasdaq Global Select Market With the symbol “Etor». The operation implies the sale of 10 million ordinary class A shareshalf of which will be offered directly by the company and the other half by certain existing shareholders.
An offer of 10 million shares: half of Etoro, half of the current shareholders
In detail, 5 million shares will be offered by Etoro Group Ltdwhile the remaining 5 million will be placed on the market existing shareholders of the company. In addition, Etoro has announced that he will grant subscribers 30 days Option to buy a supplement 1.5 million actionsIn case it becomes necessary to cover everything over-allocation.
The price expected for each action is in a range between 46 and 50 dollarswhich could lead to the overall assessment of the offer to exceed $ 500 millionDepending on the final price and the potential exercise of the additional option.
The list on the Nasdaq with the “etor” symbol
Etoro submitted a request for rating of its ordinary class A actions on the Nasdaq Global Select Market, one of the most prestigious platforms for technology and financial companies. The symbol chosen for the list will be “ETOR”, a clear reference to the brand name.
The company also deposited with the Securities and Exchange Commission (SEC) A Recording statement on the F-1 formwhich has not yet become effective. Therefore, until the recording is effective, it will not be possible to sell or officially buy shares.
The protagonists of the operation: the finance giants alongside Etoro
The IPO of Etoro is supported by a group of major financial institutions. As leading books managersThey include:
- Goldman Sachs & Co. LLC
- Jefferies
- UBS Investment Bank
- Citigroup
To these are added other book managers such as:
- Deutsche Bank titles
- Bofa titles
- Cantor
- Citizens capital markets
- Keefe, Bruyette & Woods (a company from the Stifel group)
- Mizuho
- Securities TD
Finally, in the role of co-managerThe following also participates:
- Genuity Canaccord
- Moelis & Company
- Needham & Company
- Rothschild & Co
- Susquehanna Financial Group LLLP
This large participation of the main financial players highlights the interest and trust of the market in the Etoro business model and future growth.
A regulated offer: only by the prospectus
As required by American regulations, the offer will be made exclusively through a prospectusAvailable on Dry website or may be requested directly from the financial institutions involved. Among the contacts listed to obtain a copy of the preliminary prospectus are Goldman Sachs, Jefferies, UBS and Citigroup, with dedicated email addresses and phone numbers.
It is important to emphasize that, until the final approval of the dry, No sale or purchase of shares can be carried outIt will not be possible to accept the purchase offers. The entire operation remains subject to market conditions and the completion of the examination process by the supervisory authority.
Etoro's model and vision: investing together, in a simple and transparent way
Founded in 2007Etoro has established himself as one of the most innovative Trading and investment global platforms. The company was created in order to make the world of investments Accessible, simple and transparent For everyone, promoting a philosophy based on Knowledge sharing.
Thanks to its platform, Etoro allows users to:
- Invest in traditional and innovative assets
- Operate directly on the markets
- Create personalized portfolios
- Copy the strategies of other expert investors
This combination of tools gave birth to a collaborative communitywhere users can Learn, share experiences and grow up together in the world of investments. The ETORO model is based on the idea that investment together can lead to better results compared to solo operation.
A strategic step towards global growth
The decision to make the IPO represents a crucial step For the future of Etoro. The stock market rating will not only provide new capital to support the expansion of the company, but it will also increase the Visibility and credibility of the brand internationally.
With millions of users worldwide and a platform that combines Technology, finance and social investmentEtoro is positioned as one of the main players in the world landscape of FinTech. Entrance to the Nasdaq could further consolidate this position, paving the way for new growth and innovation opportunities.
Conclusion: a start expected by the markets
The announcement of the Etoro IPO marks an important moment for the Fintech sector. With a potential evaluation of more than $ 500 million, a network of high-level financial partners and a platform that has revolutionized the way of investing, Etoro is preparing to make its official entry into public procurement.
Investors and industry observers are now impatiently awaiting the result of the roadshow and the determination of the final price of the offer, which could represent one of the most interesting beginnings of the year in the technological sector-financial.
