eToro Aims for $4 Billion Valuation in U.S. IPO, Seeks Nasdaq Listing

Trading platform eToro is preparing for an initial public offering (IPO) in the United States, aiming to raise up to $4 billion and list on the Nasdaq Global Select Market under the ticker symbol ‘ETOR.’ The company will offer 10 million shares priced between $46 and $50 each through its IPO. eToro, which primarily serves retail investors with stock and cryptocurrency trading services, seeks to compete with Robinhood Markets Inc., a move that could benefit from recent growth in crypto trading activity despite Robinhood’s dip in activity in recent months.