Etoro strives for an evaluation of $ 4 billion with a planned NASDAQ IPO

The Israeli trading platform Etoro prepares its IPO in the USA and strives for an assessment of up to $ 4 billion because it wants to have its shares listed under the ticker symbol “Etor” on the Nasdaq.

The company hopesby selling 10 million shares at a price between $ 46 and $ 50 per share $ 500 million per share, as can be seen from a message from May 5th.

Half of the shares are spent by Etoro itself, the rest comes from early donors, including the co -founders Yoni and Ronen Assia as well as companies such as Spark Capital and BRM Group. Some accounts managed by Blackrock have already expressed interest to buy shares worth up to $ 100 million.

Etoro, which offers both stock and crypto trade with a focus on private investors, positions itself as a competitor of Robinhood. Although Robinhood recorded a decline in the cryptopolum volume at the beginning of this year, his share has increased by almost 30% since the beginning of the year.

The company announced that the income from the crypto business in 2024 reached $ 12.1 billion dollars, which corresponds to a strong increase compared to the 3.4 billion in the previous year. The crypto trade currently makes up over a third of the commission-based revenue of Etoro, although this is a slight decline compared to the previous year.

Nevertheless, regulatory and reputation -related hurdles remain. In the Etoro IPO documents, it is pointed out that unfavorable reporting in the media or strong user losses could affect demand. The platform also referred to compliance costs in connection with new crypto laws in the USA and Europe, in particular on the MICA framework of the EU, which should affect the operating costs in the long term.