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eToro Announces Pricing of Upsized Initial Public Offering
NEW YORK, May 13, 2025--eToro Group Ltd. ("eToro") today announced the pricing of its upsized initial public offering ("IPO") of 11,923,018 Class A common shares, no par value (the "Class A common shares") at a public offering price of $52.00 per share. The offering consists of 5,961,509 shares of Class A common shares to be sold by eToro and 5,961,509 shares of Class A common stock to be sold by certain existing shareholders.
About this update from Etoro Group Ltd.
[{"type":"text","content":"NEW YORK, May 13, 2025--(BUSINESS WIRE)--eToro Group Ltd. ("eToro") today announced the pricing of its upsized initial public offering ("IPO") of 11,923,018 Class A common shares, no par value (the "Class A common shares") at a public offering price of $52.00 per share. The offering consists of 5,961,509 shares of Class A common shares to be sold by eToro and 5,961,509 shares of Class A common stock to be sold by certain existing shareholders.","length":477,"tagName":"p"},{"type":"text","content":"The shares are expected to begin trading on the Nasdaq Global Select Market on May 14, 2025, under the ticker symbol "ETOR". The offering is expected to close on May 15, 2025, subject to customary closing conditions.","length":226,"tagName":"p"},{"type":"text","content":"In addition, eToro has granted the underwriters a 30-day option to purchase up to an additional 1,788,452 Class A common shares from eToro.","length":139,"tagName":"p"},{"type":"text","content":"Goldman Sachs & Co. LLC, Jefferies, UBS Investment Bank and Citigroup are acting as lead book-running managers for the offering. Deutsche Bank Securities, BofA Securities, Cantor, Citizens Capital Markets, Keefe, Bruyette & Woods, A Stifel Company, Mizuho, and TD Securities are acting as additional book-running managers. Canaccord Genuity, Moelis & Company, Needham & Company, Rothschild & Co and Susquehanna Financial Group, LLLP are acting as co-managers.","length":479,"tagName":"p"},{"type":"text","content":"The offering is being made only by means of a prospectus. Copies of the final prospectus relating to this offering, when available, may be obtained from: Goldman Sachs & Co. LLC, Prospectus Department, 200 West Street, New York, NY 10282, telephone: 1-866-471-2526, facsimile: 212-902-9316 or by emailing [email protected]; Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, New York, NY 10022, by phone at (877) 821-7388 or by email: [email protected]; UBS Securities LLC, Attention: Prospectus Department, 1285 Avenue of the Americas, New York, NY 10019, or by email at [email protected], and Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (Tel: 800-831-9146).","length":787,"tagName":"p"},{"type":...