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Coingape Staff
CoinGape
PhilparSurge in Crypto Trading Fuels eToro’s $4 Billion Ambition Through US IPO
Just a few years ago, social crypto trading platforms hardly received valuations above a few million dollars. Now, the sector is growing exponentially, year on year, churning out unicorns one after the other. A recent addition to the list of billion-dollar social trading platforms, eToro, is now targeting a whopping $4 billion valuation through an initial public offering (IPO) in the United States. eToro IPO Aims to Raise $500 million Founded in 2007, eToro is an Israel-based investment company that allows its users to invest in crypto, the stock market, and related assets. It plans to offer 10 million shares, priced between $46 and $50 each, aiming to raise up to $500 million. eToro IPO is intended to list the company’s shares on the Nasdaq Global Select Market under the ticker symbol “ETOR”. The investors would remember that the previous attempt by the firm to go public via a $10 billion SPAC merger fell through in 2022. However, the recent surge in the crypto market has helped...