May 6, 10:40 AM

eToro Targets $4 Billion Valuation in $500 Million U.S. IPO Launching This Week with Shares Priced $46-$50

eToro Group, a retail trading platform known for its early involvement in the cryptocurrency space, is planning to launch its initial public offering (IPO) in the United States this week. The company and some of its shareholders aim to raise up to $500 million by offering 10 million shares priced between $46 and $50 each. At the upper end of this price range, eToro's valuation could reach nearly $4 billion. The IPO had been on hold but is now moving forward with an active roadshow. In related developments, Citi and the Swiss firm SIX Digital Exchange (SDX) have announced a partnership to introduce a blockchain-powered solution for tokenizing late-stage private shares, including pre-IPO shares. This platform is expected to launch in the third quarter of 2025, allowing institutional investors to trade shares of high-growth, venture-backed private companies onchain, representing a new avenue for private equity investment.

#eToro Group #United States #eToro #Citi #Swiss #SIX Digital Exchange #SDX

Written with ChatGPT (GPT-4).

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