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According to a regulatory filing on Monday, eToro, an online retail trading platform, is aiming for a valuation of approximately $4 billion in its planned initial public offer.
The Israeli company plans to sell 10 million shares between $46 and $55, which could raise up to $500,000,000 in gross proceeds. The filing stated that a $50 price would value a company at around $4 billion.
Reuters reports that eToro took this step after delaying investor presentations at its IPO last week due to market volatility related to tariffs.
The financial services company reported a commission of $931 millions in 2024 with a net profit of $192,000,000, up from $639 millions in commissions and a net profit of $15,000,000 the year before. The increase in crypto assets trading was a major factor, accounting for 38%, or more than double, of eToro’s 2024 commissions.
eToro has not been public before. The company announced in 2021 that it would merge with a special-purpose acquisition company, valuing it at over $10 billion. However, the deal was abandoned more then a year later.
