eToro targets $500M raise in U.S. IPO at $4B valuation

Israel-based crypto-friendly investment platform eToro has disclosed details of its upcoming U.S. initial public offering (IPO), according to The Block. The company aims to raise up to $500 million, targeting a $4 billion valuation. The offering will include 10 million Class A common shares, priced between $46 and $50 each. eToro clarified that it has filed a Form F-1 registration statement with the U.S. Securities and Exchange Commission (SEC), which has not yet become effective. The company noted that no offers or sales of the securities may be made until the registration statement is approved.