EToro will launch an IPO, aiming to raise up to 500 million dollars.

According to Mars Finance, the cryptocurrency and stock trading platform eToro announced that it will launch an IPO, issuing 10 million shares with the stock code "ETOR." The pricing of the shares is between $46 and $50, aiming to raise up to $500 million from investors through Nasdaq, with a valuation reaching $4 billion. eToro will provide half of the issuance, while the remaining 5 million shares will be held by existing shareholders. eToro stated on May 5th, "The F-1 registration statement related to the issuance of these securities has been submitted to the SEC, but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted prior to the effectiveness of the registration statement."