eToro Group, an Israel-based stock and crypto trading platform, is pursuing a valuation of up to $4 billion for its upcoming initial public offering (IPO) on the Nasdaq. The company plans to raise $500 million by offering 10 million shares priced between $46 to $50 each. This includes 5 million shares offered directly by eToro and another 5 million from co-founders and investors. Notably, BlackRock funds have expressed interest in purchasing up to $100 million worth of shares. In 2024, eToro reported revenues of $12.1 billion from crypto, expecting it to make up 37% of commission in early 2025. However, the company highlighted potential risks such as negative media perceptions and regulatory challenges at both state and EU levels. eToro initially filed plans with the SEC in January, facing delays due to market fluctuations following political developments. The IPO is being led by major investment banks including Goldman Sachs and Citigroup.

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