eToro set to go public on Wednesday in key test for IPO market, trading firm plans to price between $46 and $50 

Quick Summary:

Of the 10 million shares offered in the IPO, 5 million are coming from eToro itself while the rest will come from existing shareholders.

This includes Yoni Assia, eToro’s CEO and co-founder, who is offloading 549,635 Class A shares and will see his voting power drop to 9.34% after the offering.

The trading firm was one of several companies that tried to merge with a special purpose acquisition company in 2021, but the SEC never signed off on the deal and, in 2022, eToro ended up pulling the transaction.

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Article Details

Author / Journalist: Luisa Beltran

Category: EconomyBusiness

Markets: United States

Topics: Circle IPOs Goldman Sachs Group Cryptocurrency Citigroup Jefferies Financial Group

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-13 @ 16:15:56 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 749 words

Reading Time: 5 minutes read

Sentences: 4 lines

Sentence Length: 188 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 28682238

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