The company expects to raise $166.4 million from the 8.32 million shares it will offer in its IPO. EToys will begin trading tomorrow under the ticker "ETYS."
EToys earlier in the day raised its pricing range to $18 to $20 per share from $10 to $12, signaling high demand for another Internet IPO.
One of the last Internet IPOs to see such a dramatic increase in its pricing range was iVillage, a women's online network. The company raised its range to $22 to $24 a share from an initial range of $12 to $14 a share. Like eToys, iVillage priced at the high end of its range. It then went on to jump to $95.88 on its first trade of the day, before closing at $80.13.
In its latest filing, eToys said last month it hired Janine Bousquette as senior vice president of marketing. Bousquette previously served as an executive in PepsiCo's marketing department.
Although the IPO was initially set to go out in late April, it was delayed after the company announced it would acquire baby supplies retailer BabyCenter.
Companies that are expected to gain from the IPO are early investors Idealab, an Internet start-up incubator firm that will hold an 18 percent stake, and chip giant Intel, which will hold 7.56 percent.
Reuters contributed to this report.