Shares of the Israel-based retail trade company Etoro rise after the Robinhood-Rival was made public on Wednesday.
The new Etor shares of the company, which are now acting at the Nasdaq -fair, have risen more than 30% on their first trading day and are priced at $ 67.66 at the time of writing.
Etoro elevated Almost $ 620 million through one Again in the first public offer (IPO) of 11,923,018 class A ordinary shares priced at $ 52.00, half of which were sold by the company and half of them sold by large shareholders. The IPO was Initially expected Price between $ 46.00 and $ 50.00 per share.
The company, which was launched in 2007, tried to become public in 2021 by a $ 10.4 billion deal with a special acquisition company (SPAC), but eventually canceled the plans after the implosion of Spacs. Plans for an IPO earlier this year were delayed after President Donald Trump had rolled out a whole series of rates at the beginning of April, Bloomberg report.
The crypto-friendly functions of the trading platform previously brought it into hot water with American regulators: Last September Etoro agreed to pay $ 1.5 million in fines to the US Securities and Exchange Commission (SEC) and the digital actival trade options in limiting (BTC), Bitcoin, Bitcoin, Bitcoin, Bitcoin, Bitcoin, Bitcoin, Bitcoin (BTC). The company did not admit or denied the responsibility, but was confronted with charges that had exploited it since 2020 as a non -registered crypto broker and clearing agency.
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