Trading Platform EToro’s US IPO Is Said to Be Oversubscribed

EToro Group Ltd.’s US initial public offering has fielded more demand for shares than those available, according to people familiar with the matter.

• A representative for EToro declined to comment
• Israel-based equities and cryptocurrency brokerage firm is offering 10 million shares at $46 to $50 each, a filing from the US Securities and Exchange Commission shows
• BlackRock has indicated an interest in buying $100 million of shares: filing
• Offering is expected to price on Tuesday, May 13
• Co. expected to debut on the Nasdaq on Wednesday, May 14 under the symbol ETOR
• Goldman Sachs Group Inc., Jefferies Financial Group ...