eToro Targets $4 Billion Valuation, Calling Itself a ‘Pioneer in the Crypto Space’
The post eToro Targets $4 Billion Valuation, Calling Itself a ‘Pioneer in the Crypto Space’ appeared on BitcoinEthereumNews.com. In brief eToro has launched its U.S. IPO roadshow, offering 10 million Class A shares at $46-50 each, targeting a valuation between $3.7-4 billion. The trading platform emphasizes its early adoption of cryptocurrency, with CEO Yoni Assia highlighting the company’s pioneering role in making crypto accessible to investors. Cryptocurrencies account for 37% of eToro’s trading commission revenue, with the company’s crypto trading revenue growing to $12.15 billion in 2024, helping drive total net income to $192.4 million. eToro has launched the roadshow for its U.S. IPO, with the Israel-based trading platform targeting a valuation as high as $4 billion. The company also touted its legitimacy in the crypto industry. “From its earliest days, eToro has been a pioneer in the crypto space,” eToro CEO Yoni Assia wrote in the filing. “This has in part been driven by my own early adoption of and personal belief in bitcoin and the transformative potential of blockchain technology.” An updated F-1 registration form clarifies that eToro plans to offer 10 million Class A common shares, at a target price of between $46 and $50. This could equal a raise of $500 million, yet the trading platform has also included an option for the IPO’s underwriters to purchase an additional 1.5 million Class A shares, which is intended to cover any over-allotments and which can be exercised for 30 days from today’s date. Underwriters for the offering on the the Nasdaq Global Select Market include Goldman Sachs, UBS, Jefferies, Bank of America, Citigroup, Cantor Fitzgerald and Deutsche Bank. Following the IPO, eToro will have 80,873,543 Class A and Class B shares in total, giving it a valuation of between $3.7 billion and $4 billion, although this could rise to $4.12 billion if the above option is exercised. eToro had begun planning its IPO back in…
The post eToro Targets $4 Billion Valuation, Calling Itself a ‘Pioneer in the Crypto Space’ appeared on BitcoinEthereumNews.com.
In brief eToro has launched its U.S. IPO roadshow, offering 10 million Class A shares at $46-50 each, targeting a valuation between $3.7-4 billion. The trading platform emphasizes its early adoption of cryptocurrency, with CEO Yoni Assia highlighting the company’s pioneering role in making crypto accessible to investors. Cryptocurrencies account for 37% of eToro’s trading commission revenue, with the company’s crypto trading revenue growing to $12.15 billion in 2024, helping drive total net income to $192.4 million. eToro has launched the roadshow for its U.S. IPO, with the Israel-based trading platform targeting a valuation as high as $4 billion. The company also touted its legitimacy in the crypto industry. “From its earliest days, eToro has been a pioneer in the crypto space,” eToro CEO Yoni Assia wrote in the filing. “This has in part been driven by my own early adoption of and personal belief in bitcoin and the transformative potential of blockchain technology.” An updated F-1 registration form clarifies that eToro plans to offer 10 million Class A common shares, at a target price of between $46 and $50. This could equal a raise of $500 million, yet the trading platform has also included an option for the IPO’s underwriters to purchase an additional 1.5 million Class A shares, which is intended to cover any over-allotments and which can be exercised for 30 days from today’s date. Underwriters for the offering on the the Nasdaq Global Select Market include Goldman Sachs, UBS, Jefferies, Bank of America, Citigroup, Cantor Fitzgerald and Deutsche Bank. Following the IPO, eToro will have 80,873,543 Class A and Class B shares in total, giving it a valuation of between $3.7 billion and $4 billion, although this could rise to $4.12 billion if the above option is exercised. eToro had begun planning its IPO back in…
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