eToro Targets $4 Billion Valuation in Upcoming Nasdaq IPO
The post eToro Targets $4 Billion Valuation in Upcoming Nasdaq IPO appeared on BitcoinEthereumNews.com. TLDR eToro targets $4 billion valuation in upcoming Nasdaq IPO under ticker “ETOR” Company and shareholders aim to raise $500 million by offering 10 million shares priced between $46-$50 BlackRock indicated interest in purchasing up to $100 million worth of shares Crypto trading revenue increased from $3.4 billion in 2023 to $12.1 billion in 2024 IPO plans were previously delayed due to market volatility following Trump’s tariff announcements Israel-based trading platform eToro is targeting a valuation of up to $4 billion in its upcoming US initial public offering. The company, which allows users to invest in stocks and select cryptocurrencies, is moving forward with its long-awaited New York listing after previous delays. eToro and existing stockholders plan to raise up to $500 million by offering 10 million shares priced between $46 and $50 each. The company will list on the Nasdaq Global Select Market under the ticker symbol “ETOR.” The IPO comes at a time when stock markets have regained some stability after recent volatility. eToro had previously delayed investor presentations last month due to market conditions following President Trump’s tariff announcements on April 2, which caused global market turbulence. This isn’t eToro’s first attempt to go public. The company had earlier looked to enter public markets through a merger with a special purpose acquisition company (SPAC) at a $10.4 billion valuation, but those plans fell apart in 2022. Crypto Growth and Regulatory Challenges eToro reported that its revenue from cryptocurrency trading reached $12.1 billion in 2024, up from $3.4 billion in 2023. However, the company expects crypto to account for 37% of its commission from trading activity in the first quarter of 2025, down from 43% in the year-ago quarter. The platform has faced regulatory challenges in the crypto space. In September, eToro agreed to limit its US cryptocurrency…
The post eToro Targets $4 Billion Valuation in Upcoming Nasdaq IPO appeared on BitcoinEthereumNews.com.
TLDR eToro targets $4 billion valuation in upcoming Nasdaq IPO under ticker “ETOR” Company and shareholders aim to raise $500 million by offering 10 million shares priced between $46-$50 BlackRock indicated interest in purchasing up to $100 million worth of shares Crypto trading revenue increased from $3.4 billion in 2023 to $12.1 billion in 2024 IPO plans were previously delayed due to market volatility following Trump’s tariff announcements Israel-based trading platform eToro is targeting a valuation of up to $4 billion in its upcoming US initial public offering. The company, which allows users to invest in stocks and select cryptocurrencies, is moving forward with its long-awaited New York listing after previous delays. eToro and existing stockholders plan to raise up to $500 million by offering 10 million shares priced between $46 and $50 each. The company will list on the Nasdaq Global Select Market under the ticker symbol “ETOR.” The IPO comes at a time when stock markets have regained some stability after recent volatility. eToro had previously delayed investor presentations last month due to market conditions following President Trump’s tariff announcements on April 2, which caused global market turbulence. This isn’t eToro’s first attempt to go public. The company had earlier looked to enter public markets through a merger with a special purpose acquisition company (SPAC) at a $10.4 billion valuation, but those plans fell apart in 2022. Crypto Growth and Regulatory Challenges eToro reported that its revenue from cryptocurrency trading reached $12.1 billion in 2024, up from $3.4 billion in 2023. However, the company expects crypto to account for 37% of its commission from trading activity in the first quarter of 2025, down from 43% in the year-ago quarter. The platform has faced regulatory challenges in the crypto space. In September, eToro agreed to limit its US cryptocurrency…
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