eToro has announced plans for a $500 million IPO on Nasdaq, aiming for a valuation between $3.7 billion and $4 billion. The company will issue 10 million Class A shares, priced at $46-50 each.
Goldman Sachs leads a group of underwriters for the offering, which includes significant backing from institutional investors like BlackRock. This offering is part of eToro's strategy to enhance its U.S. market presence.
The company's previous SPAC attempt in 2022 fell short, prompting a revised approach amidst changing market conditions. Future regulatory challenges in the U.S. and Europe may further impact eToro's valuation and operations.
Full story here: https://coincu.com/335962-etoro-500m-ipo-nasdaq
