Bloomberg Reports Favorable IPO Pricing for EToro’s Crypto and Stock Trading Platform.

EToro is reportedly considering pricing its initial public offering (IPO) significantly higher than the initially anticipated range, according to insiders familiar with the situation.

The firm aimed to sell 10 million shares priced between $46 and $50 each, based on earlier documentation. However, it has experienced considerably higher demand than the available shares, as indicated in the report.

The IPO is expected to be priced following the closure of the U.S. markets on Tuesday.

Previously, the Israel-based company had put its plans to list on the Nasdaq exchange on hold in April due to market volatility influenced by U.S. trade policies. However, recent reports have suggested that the company is moving forward with its IPO, marking it as the first entity to restart its public offering efforts in the current climate. Notable firms like Circle, Klarna, and StubHub have chosen to delay their IPOs.

EToro is aiming for a valuation of $4.5 billion, which falls short of the $10.4 billion it initially targeted during its first attempt to go public in 2021. Once listed, it plans to use the ticker symbol “ETOR.”