eToro to offer retirement and life insurance products in France via Generali
The announcement follows the opening of eToro’s local subsidiary in France, eToro Patrimoine.
The announcement follows the opening of eToro’s local subsidiary in France, eToro Patrimoine.
eToro’s $67 share price close now attributes a valuation of $5.5 billion to the company.
Both the size of the eToro IPO and price were upsized by the company after the offering became 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.
Online broker eToro has partnered with Google to launch one of the first TV and YouTube advertising campaigns fully created using Veo 2.
Half of the shares offered in the eToro IPO are newly issued shares from the company, and half are from selling shareholders.
Webull shares have declined by 80% over the past three weeks since closing its SPAC IPO, providing more headwinds for eToro.
Apart from gaining access to new stocks, eToro’s users will also benefit from high-quality real-time pricing data provided by HKEX.
eToro is working with BNY, which will act as the custodian, and stock lending platform EquiLend.
eToro was planning to raise between $300 and $400 million in its IPO offering, at a pre-money valuation of $4.5 billion.