eToro Targets $4 Billion Valuation in U.S. IPO, Touts Crypto Pioneer Status
eToro has initiated its U.S. IPO roadshow, offering 10 million Class A shares priced between $46-$50 apiece. The Israel-based trading platform aims for a $3.7-$4 billion valuation, positioning itself as a crypto industry leader.
CEO Yoni Assia emphasized eToro’s early crypto adoption, with digital assets now generating 37% of trading commission revenue. The company reported $12.15 billion in crypto trading revenue for 2024, contributing to $192.4 million net income.