All at Wall Street. The Etoro group, based in Israel, Prepare for an IPO (IPO) in the United States, aimed at valuation of up to $ 4 billion. This sharing and cryptocurrency trading platform plans to remove $ 500 million by offering 10 million shares at a price between 46 and 50 dollars each. The IPO, announced on May 5, will be listed under the « etor » symbol on the Nasdaq.
- Etoro announced its IPO in the United States, with a potential valuation of $ 4 billion.
- Despite regulatory challenges and a negative perception of cryptocurrencies, Etoro continued his ambitious IPO.
Etoro: an ambitious IPO despite the regulatory challenges
According to documents deposited with the dry, etoro Offers 5 million shares, while existing shareholders, including the co-founder and CEO Yoni Assia, also offer 5 million shares. The company, which targets private investors, has declared that some funds of Blackrock could buy up to $ 100 million in shares at the IPO.
etoro experienced significant growth in its income related to cryptocurrencies, going from $ 3.4 billion in 2023 to 12.1 billion dollars in 2024. However, the company highlighted the risks linked to the negative perception of cryptocurrencies and state regulations in the United States and Europe, including mica (Markets in Crypto-Astets) EU.
Despite these challenges, Etoro continues his IPO, initially delayed by President Donald Trump’s pricing announcements on April 2. And it’s not the only one sector of the sector to try the adventure at Wall Street.