Crypto and stock trading platform eToro has boosted the size of its initial public offering to $620 million by pricing its shares above its previously suggested range.
The platform and its backers sold over 11.92 million shares for $52 each, which are slated to start trading on the Nasdaq Global Select Market on May 14 under the ticker symbol ETOR, eToro said in a May 13 press release.
Initially, the firm aimed to raise $500 million by offering 10 million shares priced between $46 to $50 each.
The share offering will remain open until at least May 15 and consists of more than 5.9 million shares sold by eToro and 5.9 million shares sold by specific existing shareholders.
The Israel-based eToro will go public as a rival to Robinhood Markets Inc. (HOOD), which went