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 and $50.00 per share. eToro has applied to list its Class A common shares on the Nasdaq Global Select Market under the ticker symbol “ETOR.”

Goldman Sachs & Co. LLC, Jefferies, UBS Investment Bank and Citigroup are acting as lead book-running managers for the proposed offering. Deutsche Bank Securities, BofA Securities, Cantor, Citizens Capital Markets, Keefe, Bruyette & Woods, A Stifel Company, Mizuho, and TD Securities are acting as additional book-running managers. Canaccord Genuity, Moelis & Company, Needham & Company, Rothschild & Co and Susquehanna Financial Group LLLP are acting as co-managers.

The proposed offering will be made only by means of a prospectus. Copies of the preliminary prospectus relating to this proposed offering, when available, may be obtained by visiting EDGAR on the SEC's website at www.sec.gov. Alternatively, copies of the preliminary prospectus, when available, may be obtained from: Goldman Sachs & Co. LLC, Prospectus Department, 200 West Street, New York, NY 10282, telephone: [phone], facsimile: facsimile: 212-902-9316 or by emailing [e-mail]; Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, New York, NY 10022, by phone at [phone] or by email: [e-mail]; UBS Securities LLC, Attention: Prospectus Department, 1285 Avenue of the Americas, New York, NY 10019, or by email at [e-mail], and Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (Tel: [phone]).

A registration statement on Form F-1 relating to the proposed offering of these securities has been filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, and shall not constitute an offer, solicitation, or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended. The offering is subject to market and other conditions and the completion of the SEC's review process.

About eToro

eToro is a trading and investing platform that empowers users to invest, share and learn. eToro was founded in 2007 with the vision of a world where everyone can trade and invest in a simple and transparent way. eToro believes there is power in shared knowledge and that we can become more successful by investing together. So eToro has created a collaborative investment community designed to provide users with the tools they need to grow their knowledge and wealth. On eToro, users can hold a range of traditional and innovative assets and choose how they invest: trade directly, invest in a portfolio, or copy other investors.