eToro Targets $4 Billion Valuation, Calling Itself a 'Pioneer in the Crypto Space'
From decrypt.co
eToro has launched the roadshow for its U.S. IPO, with the Israel-based trading platform targeting a valuation as high as $4 billion. The company also touted its legitimacy in the crypto industry. "From its earliest days, eToro has been a pioneer in the crypto space," eToro CEO Yoni Assia wrote in the filing. "This has in part been driven by my own early adoption of and personal belief in bitcoin and the transformative potential of blockchain technology." An updated F-1 registration form clarifies that eToro plans to offer 10 million Class A common shares, at a target price of between $46 and $50.
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