Overview

• eToro has resumed its U.S. IPO roadshow, offering 10 million Class A shares priced between $46 and $50 each.
• The company is targeting a valuation of approximately $4 billion and aims to raise up to $500 million in gross proceeds.
• This IPO follows a delayed investor presentation last month caused by market uncertainty tied to new U.S. tariff announcements.
• Cryptocurrency trading, which accounted for 38% of eToro’s 2024 commissions, remains a key driver of its revenue growth.
• eToro’s IPO marks its second attempt to go public after a 2021 SPAC merger plan, which valued the company at over $10 billion, was abandoned.