Israel's eToro seeks to raise up to $620 million in upsized US IPO
Balazs Barabas
eToro Group is planning to raise around $620 million in an upsized U.S. initial public offering (IPO) priced above market range, the company said on Tuesday. The stock and cryptocurrency trading platform has offered 11.92 million shares at $52 apiece, above its target range of $46 to $50. The stock is expected to begin trading on the Nasdaq Global Select Market under the symbol "ETOR" on Wednesday, May 14. Founded in 2007, the Israel-based company previously tried to go public through a merger
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