US EditionRobinhood Rival EToro Group and Its Backers Seek $500 Million in US IPO
- On May 5, Israel-based trading platform eToro Group initiated its Nasdaq IPO, aiming to raise $500 million by selling a total of 10 million shares with prices set between $46 and $50 each.
- The IPO follows a postponed 2023 attempt and a failed $10.4 billion SPAC merger in 2021, amid ongoing market volatility caused by factors like April 2 tariff announcements.
- EToro, co-founded by CEO Yoni Assia, targets retail stock and crypto traders, holds a valuation near $4 billion, and faces risks including U.S. State crypto regulations and its 2023 SEC settlement restricting some U.S. Crypto offerings.
- The company announced a net income of $192 million and commission revenue totaling $931 million for 2024, while certain BlackRock funds have expressed interest in acquiring IPO shares valued at as much as $100 million.
- EToro’s listing on Nasdaq, led by major banks, will be closely monitored as a test of investor appetite as the market stabilizes following recent geopolitical and economic disruptions.
19 Articles
19 Articles
Robinhood Rival EToro Group and Its Backers Seek $500 Million in US IPO
EToro Group Ltd. and some of its shareholders are seeking to raise as much as $500 million in a US initial public offering, after the trading and investment platform paused its listing plans amid tariff-related stock volatility.
Etoro Launches Roadshow for Initial Public Offering Valued up to $500 Million
Etoro Group Ltd has officially launched the roadshow for its initial public offering (IPO) of 10,000,000 Class A common shares, with 5,000,000 shares being offered by the company and 5,000,000 shares by certain existing stockholders. The company anticipates granting underwriters a 30-day option to purchase an additional 1,500,000 common shares to cover over-allotments, if necessary.…
CryptoPanic
Cryptocurrency News | Cryptocurrency Prices | Market CapeToro targets $4 billion valuation and $500 million raise from US IPO
eToro intends to list 10 million "ETOR" shares on the Nasdaq at a $4 billion valuation after its 2022 IPO plans fell through.
eToro Targets $4 Billion Valuation in Upcoming Nasdaq IPO
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 I…
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