eToro has begun its U.S. IPO roadshow, targeting a valuation between $3.7 to $4 billion by offering 10 million Class A shares. CEO Yoni Assia underscores eToro’s pioneering role in crypto, accounting for a significant portion of their revenue. Despite market fluctuations, their crypto trading significantly increased revenue, hinting at resilience in a volatile sector.
eToro, the Israel-based trading platform known for its cryptocurrency offerings, has kicked off its U.S. IPO roadshow with ambitious plans that could see it valued at between $3.7 and $4 billion. The company aims to sell 10 million Class A shares, priced between $46 and $50 each, which could raise about $500 million. Alongside this, there’s also an option for underwriters to purchase an extra 1.5 million shares to manage any over-allotments, something that can be exercised within 30 days from today.
