The Israeli trade platform based in Israel has resumed its plan to publicize in the United States after the company stopped the process earlier this year amid market instability after Trump Trump’s president rate ad.
Etoro, which allows customers to trade both stocks and krypto, plans to raise $ 500 million in initial public donation (IPO), which estimates the company as a whole $ 4 billion, depending on regulation supply Monday.
The company and some of its shareholders plan to offer a total of 10 million shares with the expected price per share from $ 46 to $ 50, the application reports. Eo 5 million shares are offered, and some of its shareholders, including Venture Capital Spark Capital and BTM Group, offer another 5 million shares.
Funds and accounts managed by Wealth manager Black They expressed interest in buying shares up to $ 100 million at the cost of IPO, according to the submission.
Etoro goes forward with its IPO US after the initial application of the public in March. Campaign stop These plans after Trump on April 2 announced big tariffs for almost all US trading partners. The trade war has thrown the world economy in outrage, causing the S&P 500 to fall 12% and Chain On average, Jones Industrial fell 11% over a few days when investors escaped to the US.
ETORO was not the only company that stopped the plans for the public in the US because the financial markets made the tariff news. Fintech Company Klarna and the StubHub ticket platform also delayed its IPO amid economic uncertainty, according to Bloomberg.
Since then, Trump has paused for his tariffs and trade negotiations with foreign countries. As the macroeconomic background grew, Etoro resumed the initial public proposal process. According to Bloomberg, the SEC still needs to revise and approve the ETORO supply before the company may become public but the transaction may be evaluated.
ETORO, founded in 2007, offers a platform for clients for asset trading, including Crypto, similar to the US Robinhood Trading Platform. In 2024, Etoro reported a total income of $ 12.6 billion compared to only $ 3.89 billion in 2023.
In 2023, Etoro was estimated at $ 3.5 billion by financing $ 250 million, led by Ion Group and Softbank Investment Advisers.
The company plans to list on Nasdaq Under the head of the Etar.
Originally this story was presented on Fortune.com
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2025-05-06 17:39:00
Catherine McGrath
