eToro Targets $4 billion Valuation With $500M Raise in Upcoming U.S. IPO
Social trading platform eToro has officially launched its roadshow for a long-anticipated U.S. initial public offering (IPO), aiming to raise up to $500 million and reach a valuation of approximately $4 billion.
According to a company announcement on May 6, eToro plans to offer 10 million Class A common shares, with half coming from the company itself and the other half from existing shareholders. The IPO price range is expected to fall between $46 and $50 per share. If successful, this would bring in around $460–$500 million, excluding any additional shares from the underwriters’ 30-day option to purchase 1.5 million more to cover over-allotments.
The shares will be listed on the Nasdaq Global Select Market under the ticker symbol “ETOR”.
eToro’s IPO is backed by a consortium of top-tier investment banks. Goldman Sachs, Jefferies, UBS Investment Bank, and Citigroup are acting as lead book-running managers. The syndicate also includes Deutsche Bank, BofA Securities, Mizuho, Cantor, TD Securities, and Stifel, among others.
The offering is being made through a prospectus, with copies available on the U.S. Securities and Exchange Commission’s EDGAR website or directly from the underwriters.
The IPO marks a major step for the Israel-based firm, which previously attempted a public debut via a SPAC deal in 2021 that was ultimately scrapped. This time, eToro is leaning on traditional equity markets to secure capital amid a broader resurgence of crypto-related and fintech IPO activity.
eToro has built its brand around allowing retail users to mimic the trades of more experienced investors, and has expanded its crypto trading offerings in recent years to capitalize on rising digital asset interest.
The IPO remains subject to regulatory approval and final pricing conditions.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
