eToro IPO 10x Oversubscribed as Crypto Rebound Attracts Investors: Report

EToro IPO Order Books Close Early Amid Massive Demand - FinanceFeeds

Israeli fintech firm eToro is closing its IPO order books earlier than expected after overwhelming demand from investors, according to sources cited by Calcalist. Underwriters Goldman Sachs and Jefferies, who are leading the offering, informed roadshow participants that they will no longer accept new orders starting Monday. The deal is reportedly more than 10x oversubscribed, prompting the banks to consider raising the IPO price, which could pus…

eToro IPO order book closing with the offering heavily oversubscribed

Shares of eToro comp Robinhood have traded up by a whopping 64% since closing at $34.17 on April 8, sitting now at just above $56. The post eToro IPO order book closing with the offering heavily oversubscribed appeared first on FX News Group.

eToro IPO 10x Oversubscribed as Crypto Rebound Attracts Investors: Report

Investor interest for eToro’s long-awaited IPO has surged beyond expectations, reportedly prompting the fintech firm to shut its order books earlier than planned. According to Calcalist, the offering, led by Goldman Sachs and Jefferies, is reportedly more than ten times oversubscribed. Backed by high demand and renewed interest for crypto platforms, eToro is now expected to raise over $500 million at a valuation exceeding $4 billion.Citing sourc…

eToro is closing the order books for its IPO today, and the underwriters have sent an update to all participants in the Israeli fintech company's roadshow; it is already estimated to be oversubscribed by more than 10 times; the underwriters are now expected to raise the offering price, so that eToro can raise more than half a billion dollars, and at a higher value than the $4 billion set in the original prospectus