Summary
- eToro announced that it is attempting to list by raising the IPO price to $52 per share.
- The BlackRock fund stated it hopes to purchase up to $100 million worth of shares.
- eToro announced it is retrying its IPO schedule following market volatility due to the Trump administration's tariff announcement.
The cryptocurrency trading platform eToro is set to raise its IPO price ahead of its public offering.
According to CNBC on the 13th (local time), eToro has set its IPO price at $52 per share. Previously, eToro had proposed a desired offering price of $46 for 10 million shares, but it is attempting the IPO with a higher price. Of these, eToro will offer 5 million shares, while existing shareholders such as venture capital Spark Capital and BTM Group will offer the remaining 5 million shares.
Funds and accounts under BlackRock management are hoping to purchase up to $100 million worth of shares at the IPO price.
Earlier this year, eToro temporarily halted its IPO due to market volatility following President Donald Trump's tariff announcement, but is now retrying the IPO. eToro submitted a preliminary registration statement for listing in the U.S. last March. However, after the Trump administration's reciprocal tariff announcement on April 2, global stock markets plummeted, leading to the withdrawal of the listing.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
