Etoro announces launch of initial public offering

New york--(business wire)--etoro group ltd ("etoro") today announced that it has launched the roadshow for its initial public offering (“ipo”) of 10,000,000 class a common shares, 5,000,000 shares of which are being offered by etoro and 5,000,000 shares of which are being offered by certain existing stockholders. etoro expects to grant the underwriters a 30-day option to purchase an additional 1,500,000 common shares to cover over-allotments, if any. the ipo is expected to price between $46.00.
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