(Reuters) -eToro Group is planning to boost round $620 million in an upsized U.S. preliminary public providing (IPO) priced above market vary, the corporate stated on Tuesday.
The inventory and cryptocurrency buying and selling platform has supplied 11.92 million shares at $52 apiece, above its goal vary of $46 to $50.
The inventory is predicted to start buying and selling on the Nasdaq World Choose Market below the image “ETOR” on Wednesday, Could 14.
Based in 2007, the Israel-based firm beforehand tried to go public via a merger with Betsy Cohen-backed particular goal acquisition firm (SPAC) at a $10.4 billion valuation. Nevertheless, the plan fell via in 2022.
In September, eToro agreed to restrict its U.S. crypto choices to bitcoin, bitcoin money and ether to settle expenses with the Securities and Alternate Fee that it operated as an unregistered dealer and unregistered clearing company.
Goldman Sachs, Jefferies, UBS and Citigroup are the lead underwriters for the IPO.
(Reporting by Gnaneshwar Rajan in Bengaluru; Modifying by Sumana Nandy)