eToro will launch an IPO, aiming to raise up to $500 million

ChainCatcher news, cryptocurrency and stock trading platform eToro announced that it will launch an IPO, issuing 10 million shares of stock with the ticker symbol "ETOR." The pricing of the stock is between $46 and $50, aiming to raise up to $500 million from investors through Nasdaq, with a valuation of $4 billion. eToro will offer half of the issuance, while the remaining 5 million shares will be held by existing shareholders.

eToro stated in a May 5 announcement, "The F-1 form registration statement related to the proposed issuance of these securities has been submitted to the U.S. Securities and Exchange Commission but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, until the registration statement becomes effective."