The crypto and stock trading platform ethoro has strengthened the size of the initial public offering of $ 620 million by pricing its shares in its above suggested scope.
The platform and its supporters sell more than 11.92 million shares for $ 52 each, which is set to start trading at NASDAQ Global Select Market on May 14 under the Ticker Eth Says on a release of May 13.
At first, the firm aims to raise $ 500 million by offering 10 million Shares are priced between $ 46 to $ 50 each.
The Share the offer will remain open until at least May 15 and consist of more than 5.9 million shares sold by eores and 5.9 million shares sold by specific existing shareholders.
Israeli -based ethoro will go public as a rival to Robinhood Markets Inc. (Hood), which Went public in July 2021 and whose shares are over 67% years to date, According to In Google Finance.
At first, here Made confidential filing with the SEC In January for a public offer Before the public to announce The plans on March 24th.
Digital Banking Fintech Firm Chime also has applied To list its stock at the NASDAQ Global Select Market under the Ticker Chy symbol. However, the number of shares and price ranges should still be determined.
Investment Advisory Firm Renaissance Capital haka -haka In a May 13 record of its clients that the IPO of Chime can increase by up to $ 1 billion.
Crypto IPOs in works
Other crypto companies also revolt plans to go public. Crypto Exchange Kraken is reportedly considering a public offer This year.
Stablecoin Issuer’s Circle filed with SEC on April 1, Then its plans have been paused After the announcements of President Donald Trump’s Tariff Stop in many works Public offerings.
Crypto custody services firm bitgo Launched a global over-the-counter trading desk For digital assets in February, after it was reported preparing for an initial public offer to be completed next year.
Related: Ethoro US to stop most of the Crypto trading following the SEC regimen
In December of last year, the Crypto Exchange-Traded Fund that gave Bitwise predicted that at least five crypto unicorns will go public in 2025: Stablecoin Issuer Circle, Crypto replace Kraken and Figure, and Crypto Bank Anchorage Digital and Blockchain Analytics Firm Chainalysis.
In 2021, Coinbase was the first major Crypto firm to go public in the USlisting its shares with Nasdaq.
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