Online retail trading platform eToro is targeting a valuation of roughly $4 billion with its planned initial public offering, according to a Monday regulatory filing.

The Israel-based company plans to offer 10 million shares at a price betwe𓃲en $46 and $50, which would raise gross proceeds of up to $500 million. A $50 price would value the company at about $4 billion, the filing said.

The move comes after eToro delayed IPO investor presentations last month in response to tariff-related market volatility, according to a Reuters report.

The financial services company 澳洲幸运5官方开奖结果体彩网:reported commissions of $931 million in 2024 on net income of $192 million, rising from $639 million in commissions on net income of $15 million the year before. A big reason for that was an increase in crypto assets trading, which made up 38% of eToro’s commissions in 2024, more than doubling from 2023, acc💜ording to its IPO filing.

The expected IPO is not eToro’s first attempt at going public. The company in 2021 said it planned to merge with a 澳洲幸运✅5官方开奖结果体彩网:special purpose acquisition company in a deal that would have valued it at more than $10 billion, but the transaction was abandoned more than a year later.