The App App Etoro Group shares increased by 29 % on Wednesday after pricing at $ 52 higher than expected. The impressive Etoro appearance, which is considered by many market monitors as a crucial test in the fragile public subscription climate, is a promising sign for other companies that plan for the public in the coming months.
Earlier on Wednesday, Etoro opened at $ 69.69, then an increase of $ 74.28 – an increase of about 43 % of the list price – before offering some of these gains. Etoro, which has 98.7 million fully diluted shares, closed on Wednesday at $ 67, an increase of about 29 %. This translates into ETORO assessment of $ 6.6 billion.
Itoro late Tuesday Arise 620 million dollars after increasing the volume of its deals and the price of the public subscription price is $ 2 higher than its expected scope. The trading platform ended sale 11.92 million shares at $ 52 each Former plans To offer 10 million shares at 46 to 50 dollars.
ETORO was founded in 2007, and offers a customer trading platform, including Crypto, similar to the US -based trading platform.
A good performance by Etoro Wednesday can help open the door to the public subscription market, which was largely asleep since 2021. That year, 397 companies were recorded, but most “2021 category” was poorly performed in the market after only 17.4 % of the subscription offers prices, according to Renaissance Capital, which is a previous research company for the market for previous research for the company. IPO.
Etoro’s first good day comes at a time when other prominent companies seek to advertise. Late on Tuesday, Mali ringing I presented publicly For the long -awaited public subscription, it did not specify the conditions. Plan harmony to include it on Nasdak Under the frequency of Chym.
Chime was unprecedented in 2024. The losses narrowed to $ 25.3 million in the fiscal year 2024 from 203.2 million dollars in 2023, according to an organizational file. But on a quarterly basis, Chime was profitable, as he was $ 12.9 million for a quarter ending on March 31, compared to a net income of $ 15.9 million in the same time period in 2024.
Circle Internet, the encryption company, also has I presented publicly For public subscription in April. He would not have been kicking yet.
This story was originally shown on Fortune.com
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