eToro files with US SEC to list on Nasdaq, plans to raise $400m
Stock and cryptocurrency trading platform eToro has filed for a public stock offering on the Nasdaq, where it plans to raise $400 million at a valuation of about $4.5 billion. eToro's IPO prospectus says its revenue more than tripled since last year to $12.6 billion. Most of the revenue came from cryptocurrency-related revenue, which increased from $3.4 billion in 2023 to $12.1 billion last year.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Lithium-For-Earth Raises KRW 1.32 Billion in Private Placement
Anthropic "accidentally" leaks IPO documents! Plans to raise $69.3 billion, valuation drops from 2 trillion to 1.3 trillion
Anthropic mistakenly published and then withdrew a prospectus for a planned $69.3 billion fundraising, with its valuation dropping from a peak of $2 trillion to between $1.1 trillion and $1.3 trillion.
Subaru Publishes Transcript of First-Half FYE 2027 Financial Results Presentation
Citi: Occidental Petroleum (OXY.US) Q3 cash flow surpasses expectations, accelerated debt repayment cannot hide concerns over Q4 output
Citi published a research report maintaining Occidental Petroleum's "Neutral" rating, with a target price of $65.
Crypto prices
More
