Crypto and stock trading platform eToro has increased its initial public offering to $620 million by pricing its shares above the previously suggested range. The platform, along with its backers, sold over 11.92 million shares at $52 each. These shares are set to trade on the Nasdaq Global Select Market under the ticker symbol ETOR starting May 14. Initially targeting $500 million by offering 10 million shares priced between $46 to $50 each, the share offering will continue until at least May 15. eToro will go public as a competitor to Robinhood Markets Inc., which went public in July 2021. Other crypto companies like Kraken and Circle are also considering public offerings. Bitwise predicted that at least five crypto unicorns, including Circle and Kraken, would go public by 2025. Coinbase was the first major crypto firm to go public in the US in 2021. Read more AI-generated news on: https://app.chaingpt.org/news