Israeli Business News Website Cosmetic It says that the upcoming Etoro IPO in Nasdaq is estimated to exceed 10 times, with company contractors led by Goldman Sachs considering an increase in prices and size in the midst of increasing demand for investors.
Cosmetic He said that Etoro is closing IPO order books on Monday (ie today) due to extremely high demand. Insurers have informed that the company’s road traffic participants will no longer accept new orders.
The “top of the series” in ETORO’s IPO deposit with the sec before the street began, showed a bid of $ 500 million, estimated by the $ 4 billion company for ETORO. However, the final items may be even greater, assuming that the Cosmetic The report is correct.
NASDAQ IPO calendar It still shows an expected IPO date on May 14th for Etoro, that is, Wednesday, but this could be moved if the order book is indeed closed and wildly overproduced, as mentioned.
Etoro had initially scheduled to launch the IPO road traffic in early April, but these plans were reduced after a 10%+ stock market fall after Donald Trump’s release invoices were unveiled. However, a remarkable market recovery, coupled with a very nice route in Key Etoro’s “Comp” Robinhood, has placed the iPO to be invoiced in what seems to be very favorable terms. Following an initial dip after the April 2nd invoice announcement, Robinhood (Nasdaq: Hood) shares have negotiated from an imposing 64% from closing at $ 34.17 on April 8, now sitting just over $ 56.
RobinHood shares chart, last 6 months. Source: Google Finance.
We will continue to follow this story as it develops.