Etoro, the investment trading platform based in Israel, resumed its plan to make public in the United States after the company has interrupted the process earlier this year in the midst of market volatility after the announcement of President Trump's tariff.
Etoro, which allows customers to negotiate shares and crypto, plans to raise $ 500 million in a first public offer (IPO) which would appreciate the company up to $ 4 billion, according to a regulation deposit From Monday.
The company and some of its shareholders plan to offer a total of 10 million shares with an expected price per share from $ 46 to $ 50, according to the file. Etoro will offer 5 million shares and some of its shareholders, including capital venture capital companies Spark Capital and the BTM group, will offer 5 million additional shares.
The funds and accounts managed by the BlackRock Heritage Manager have expressed interest in buying up to $ 100 million in share at IPO, the file said.
Etoro goes ahead with his IPO after initially submitted a public file in March. Business interrupted These plans after Trump on April 2 have announced heavy prices on almost all American trade partners. The trade war launched the world economy in disarray, which dropped the S&P 500 from the S&P and the Dow Jones Industrial Average by 11% in a few days while investors fled the American markets.
Etoro was not the only company to interrupt the plans to make public in the United States while the financial markets have locked up new prices. Fintech Klarna and the Stobhub ticket platform have also delayed their IPOs in the midst of economic uncertainty, according to Bloomberg.
Since then, Trump has put a 90 -day break on his prices and commercial negotiations with foreign countries are in progress. While the macroeconomic backdrop is adjusted, Etoro has taken up the initial public supply process. The SEC must still examine and approve the Etoro file before the company can become public, but the agreement could be evaluated next week, according to Bloomberg.
Etoro, founded in 2007, offers a platform to customers to exchange assets, notably Crypto, similar to the trading platform based in the United States Robinhood. Etoro declared a total turnover of $ 12.6 billion in 2024, against only $ 3.89 billion in 2023, according to the deposit.
In 2023, Etoro was estimated at $ 3.5 billion in a $ 250 million financing round led by Ion Group and SoftBank Investment Advisers.
The company plans to register on the Nasdaq under the Ticker Etor.
This story was initially presented on Fortune.com
