eToro’s IPO Raises Over $620 Million, Exceeding Price Expectations

eToro has successfully priced its initial public offering (IPO) at $52 per share, comfortably exceeding the previously marketed range of $46-$50. This move raises expected proceeds to around $620 million, a 24% increase on the original $500 million target. The IPO saw significant investor demand, with over 11.92 million shares traded, roughly split evenly between the company itself and early backers who opted to sell their holdings.