EToro will launch IPO, planning to raise up to $500 million in funds

According to Foresight News, cryptocurrency and stock trading platform eToro announced that it will launch an IPO, issuing 10 million shares through an initial public offering with the stock code "ETO". The stock is priced between $46 and $50 and aims to raise up to $500 million from investors through Nasdaq, with a valuation of $4 billion. EToro will provide half of the issuance, with the remaining 5 million shares held by existing shareholders. EToro stated on May 5th that the F-1 registration statement related to the proposed issuance of these securities has been submitted to the U.S. Securities and Exchange Commission, but has not yet taken effect. These securities may not be sold or accepted for purchase until the registration statement takes effect