The Israeli-based team said looking for an appreciation of up to $ 4 billion with the initial public offering of the US, as the stock platform and crypto trading were forgotten in advance of the NASDAQ list.
The company and existing stockholders aim to raise $ 500 million by offering a total of 10 million shares that are priced between $ 46 to $ 50 each, ethoro Says on May 5.
A File The US Securities and Exchange Commission shows Ethoro offers 5 million shares, with an additional 5 million that the company’s co-founder and CEO wants, Yoni Assia; his brother and executive director Ronen Assia; In conjunction with venture companies are spark capital, BRM groups and Andalusian private capital, among others.
The company offers stock and crypto trading targeting retail and plans to list at the Tech-Heavy Nasdaq Global Select Market under the ticker “ETOR.”
It is set to compete with Robinhood Markets Inc. (Hood), who saw Crypto trading dip In the first quarter but that shares have climbed almost 30% to this year, According to In Google Finance.
In the filing, ethoro said some blackrock funds and accounts imply interest in buying up to $ 100 million worth of sharing in Ipo. ETORO also separated 500,000 shares to sell through a direct sharing program, which usually targets employees.
The company reported that its income from Crypto in 2024 was $ 12.1 billion, from $ 3.4 billion in 2023. It hopes that crypto costs 37% of its commission from trading activity in the first quarter of 2025, down from 43% last year.
In a section of its filing list of possible business risks, ethoro warned its users could leave, or it could insist to obtain more users, due to the negative understanding of cryptocurrencies it listed, “either as a result of the media range or by experiencing significant losses.”
Other crypto-related ethoric risks include the state crypto level of the state crypto level, which it said that “may put strain on our resources and difficult to operate in certain constituents, if at all.”
It also said that it is hoped to “continue to have significant costs” due to European Union markets in crypto-assets (Mica) Laws “On a constant basis.”
Ready to push IPOs after Trump Tariff Jolt
Ethoro first did confidential filing SEC included in January for a public offering, New to the public Announcing plans on March 24.
The company has reportedly delayed its IPO after President Donald Trump’s tariff announcements Stop in many works Public offerings.
Related: Are Donald Trump’s tariffs a legal card of cards?
Crypto companies also lined up to go public, along with the stablecoin issuer filing on April 1 but then Pausing its plans in the midst of uncertainty.
The Crypto Exchange Kraken has also been reported to be considering a public offer for early next year, which accelerates its plan in Trump’s election.
The public offer of ethoro is led by Goldman Sachs, Jefferies, UBS Investment Bank and Citigroup.
Legal Panel: Crypto wants to overthrow banks, now they turn into the stablecoin fight
