Online retail trading platform eToro is targeting a valuation of roughly $4 billion with its planned initial public offering, according to a Monday regulatory filing.
The Israel-based company plans to offer 10 million shares at a price between $46 and $50, which would raise gross proceeds of up to $500 million. A $50 price would value the company at about $4 billion, the filing said.
The move comes after eToro delayed IPO investor presentations last month in response to tariff-related market volatility, according to a Reuters report.
The financial services company reported commissions of $931 million in 2024 on net income of $192 million, rising from $639 million in commissions on net income of $15 million the year before. A big reason for that was an increase in crypto assets trading, which made up 38% of eToro’s commissions in 2024, more than doubling from 2023, according to its IPO filing.
The expected IPO is not eToro’s first attempt at going public. The company in 2021 said it planned to merge with a special purpose acquisition company in a deal that would have valued it at more than $10 billion, but the transaction was abandoned more than a year later.
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