Crypto Giant eToro Eyes $4B Valuation

eToro Launches U.S. IPO Roadshow, Targets Up to $4 Billion Valuation

• eToro is offering 10 million Class A shares priced between $46 and $50 each.
• The IPO aims for a valuation between $3.7 billion and $4 billion.
• Cryptocurrencies account for 37% of eToro’s trading commission revenue.
• Crypto trading revenue reached $12.15 billion in 2024, boosting net income to $192.4 million.
• The IPO underwriters include Goldman Sachs, UBS, Jefferies, Bank of America, Citigroup, Cantor Fitzgerald, and Deutsche Bank.

eToro’s U.S. IPO roadshow seeks to raise up to $500 million by offering Class A shares at a target price of $46-$50 each, with cryptocurrencies contributing significantly to its trading commission revenue.