The financing round, led by Mumbai-based hedge fund Hornbill Capital, also brought in Mitsubishi UFJ Financial Group (MUFG), Beenext, DSP Family Office, and JM Financial Family Office, the company said. While most of the funding came as primary capital, a small portion comprised secondary sales by early individual backers.Strategic backers joinSomaiyaa, CEO of White Oak Capital, and market veteran Damani joined a roster of public-market investors betting on the three-year-old platform’s ability to expand d ...

中新网香港9月18日电 全球服务型数字生态平台Ju.com18日表示，将联合创新数字经纪平台xBrokers于 20日在香港举办"港股流动性全球数字峰会"。届时，来自监管机构、研究机构、上市公司、券商及第三 代互联网(Web3)领域的专业人士将齐聚一堂，就港股流动性提升路径与跨境资本效率优化的新机遇等话 题展开深入探讨。 主办方表示，随着真实世界资产数字化与稳定币支付体系日渐成熟，香港正迎来提升流动性与市场国际 影响力的关键时刻。希望此次峰会成为连接传统资本市场与区块链生态的重要实践，为香港作为国际数 字金融中心的定位注入新动能。 ...

Group 1: Remitly Global - Remitly Global is experiencing rapid growth in the remittance market, leveraging a mobile app and lower fees compared to traditional players [4][5] - The total transfer volume reached $16.2 billion last quarter, marking a 41% year-over-year increase, with a current market share of only 2%-3% [5] - Revenue grew by 34% year-over-year to $362 million, and the company achieved a positive net income of $11.4 million [5][6] - Remitly's asset-light model allows for reinvestment in product development and marketing, which is expected to drive future revenue growth [6] - As the business matures, profit margins are anticipated to expand to 20% or higher, with potential annual revenue reaching $2 billion and a long-term target of $5 billion [7] - The current market cap of Remitly is $3.77 billion, indicating a favorable valuation compared to its future earnings potential [8] Group 2: Interactive Brokers - Interactive Brokers is gaining market share in the brokerage industry by offering low-cost or free trading and a wide range of financial instruments [10][11] - Customer accounts increased by 32% last quarter to 3.62 million, with total client assets at $573.5 billion, demonstrating a high-end customer base [11] - The company boasts pre-tax profit margins of 74%, positioning it as one of the most profitable firms in the industry [12] - With a price-to-earnings ratio of 32, Interactive Brokers remains a strong hold for long-term investors as customer growth is expected to drive earnings and stock price higher [13]

Shares of stock brokerage platform eToro popped in their Nasdaq debut on Wednesday after the company raised almost $310 million in its IPO.The stock opened at $69.69, or 34% above its initial offering price, pushing its market cap to $5.6 billion at the open from $4.2 billion at the IPO price. Shares were last up more than 40%.The Israel-based company sold nearly 6 million shares at $52 each, above the expected range of $46 to $50. Almost 6 million additional shares were sold by existing investors. At the I ...

Company Overview - eToro has priced its IPO at $52 per share, raising nearly $310 million and valuing the company at approximately $4.2 billion [1] - Founded in 2007 by brothers Yoni and Ronen Assia along with David Ring, eToro competes with platforms like Robinhood and generates revenue through trading fees and non-trading activities [5] Financial Performance - eToro's net income surged almost thirteenfold to $192.4 million in the last year, up from $15.3 million the previous year [6] - Revenue from cryptoassets more than tripled to over $12 million in 2024, with one-quarter of its net trading contribution coming from crypto, an increase from 10% the prior year [6] IPO Context - The IPO market is showing signs of recovery, with eToro's Nasdaq debut under the ticker symbol ETOR being a potential indicator of market readiness for risk [4] - eToro previously attempted to go public in 2022 through a SPAC merger, which was scrapped due to a downturn in equity markets [7] Investor Interest - BlackRock has expressed interest in purchasing $100 million in shares at the IPO price, with the company planning to sell 5 million shares in the offering, alongside existing investors selling another 5 million [8]