Sources: Spark Capital gained ~$530M this week when eToro went public; Spark was eToro's largest shareholder at its IPO, with a ~13% stake after investing ~$19M
Katie Roof / Bloomberg :
Stock and crypto brokerage eToro prices its IPO at $52 per share, above its expected range of $46 to $50, raising nearly $310M and valuing the company at ~$4.2B
EToro, a stock brokerage platform that's been ramping up in crypto, has priced its IPO at $52 a share, as the company prepares …
Sources: eToro is considering launching its US IPO as soon as next week, after pausing its plans in April amid tariff-related stock volatility
Bloomberg :
eToro files for an IPO, seeking to list as ETOR on the Nasdaq, and reports $12.6B in 2024 revenue, ~96% of which was from cryptoassets, and a $192M net income
Presentation of Financial Information — Our audited consolidated financial statements … Emily Jarvie / Proactive : eToro targets $4.5B valuation in Nasdaq IPO Nicholas Kitonyi / NFTgators : Etoro Va...
Sources: retail trading platform eToro has confidentially filed for a US IPO, seeking a $5B valuation; it was valued at $3.5B in 2023
Chief executive believes New York will give company access to a broader range of investors than a UK flotation — Retail trading platform eToro …
eToro CEO Yoni Assia says he is “exploring the right timing” for a London or NY IPO, as the Tel Aviv-based multi-asset trading platform seeks a $3.5B+ valuation
Chief executive says firm also looking at London listing, but adds US could connect it to more potential investors
Abu Dhabi is becoming a popular destination for crypto companies, including Copper, Phoenix, Paxos, and eToro, seeking eager investors and friendlier regulators
Emily Nicolle / Bloomberg :
eToro secures $250M at a $3.5B valuation via an Advanced Investment Agreement signed in 2021, after scrapping its SPAC plans in 2022 amid slowing growth
After calling off its plans to go public via a SPAC at a $10.4 billion valuation in 2022, trading platform eToro has secured $250 million in funding at a $3.5 billion valuation.
Sources: eToro is in the advanced stages of raising $800M to $1B at a $5B to $6B valuation, while its SPAC deadline has been extended to June 30, 2022
Coinbase, FTX, eToro, and other apps surge in popularity after multiple crypto Super Bowl ads; Coinbase rose from 186th to 2nd on US App Store after QR code ad
Hope you're having a great week. — Welcome to the mesha tribe … Sara Celi / The Crypto Connection : How Does It All Work, Anyway? Shannon Miller / Adweek : The 10 Best Super Bowl Ads of 2022 Kaya Yu...