The actions and the Etoro cryptography trade platform were presented to sell shares to the public for the first time in the NASDAQ, marking a renewed impulse for a list after a previous attempt stagnant in 2021.
In a prospect for the initial public offer (IPO), the company based in BNEI Brak, Israel, said the income tripled at $ 12.6 billion last year. The lion’s participation came from the revenues related to cryptocurrencies, which increased to $ 12.1 billion last year of $ 3.4 billion in 2023.
Founded in 2007 by Yoni and Ronen Assia, Etoro allows users to exchange assets, including actions, cryptography and basic products, and copy the portfolios of other merchants. The company’s OPI plans were revealed earlier this year through reports on a confidential presentation before the SEC.
Net income increased to $ 192 million in 2024, compared to only $ 15.3 million in 2023 according to data from its recent presentation of form F-1. The company is looking to raise $ 300 million, $ 400 million at an assessment of $ 4.5 billion, globes reported.
That is below the valuation of $ 10.4 billion that it sought in 2021 during a planned fusion with a special purpose acquisition company, which was then filed due to market conditions. The firm has presented the list under the “ETOR” ticket.
The offer will be directed by the main insurers, including Goldman Sachs, Jefferies, UBS and Citigroup.
Discharge of responsibility: Parts of this article were generated with the assistance of AI tools and reviewed by our editorial team to guarantee the precision and compliance with our standards. For more information, see Coindesk’s complete policy.
